Swedbanks Estonian branch recorded net profit of EUR 63.1mn in Q3/11. In y/y terms net profit increased by 49% q/q in Q3. In Jan-Sep 2011 overall the net profit of Swedbank in Estonia stood at EUR 139.9mn vs. net profit of EUR 32mn a year ago. Profit before loan losses amounted to EUR 49mn in Q2, 7.4% y/y increase. Loan portfolio amounted to EUR 5.9bn as of end-Q3, down by 9.5% y/y, mostly attributed to contraction of new loans issuance due to low demand. The banks deposits portfolio stood at EUR 4.9bn as of end-Q3, up by 7.2% y/y. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more