Wed, 3 Nov 2010: Bankers smiling as the money rolls in…
Nov 3, 2010 Baltics
Swedbank said that its operations in the region had a quarterly profit for the first time since 2008, while Nordea became profitable in the second quarter of this year. At the height of the cris...Tags: Bad Debt, Baltic Countries, Baltics, Economic Crisis, European Union, Investors, Kronor, Loan Losses, Money, Nordea, Quarterly Profit, Recessions, Seb, Second Quarter, Swedbank, Swedish Banks
Wed, 13 Jan 2010: Parex still in the red…
Jan 13, 2010 Baltics
Mounting foreclosures, and sinking asset values on the banks’ books, mean that banks need to keep adding to their bad debt reserves, resulting in the need for additional capital to bolster b...Tags: Asset Values, Bad Debt, Balance Sheets, Banks, Books, Foreclosures, Latvian Government, Money, Parex, Restructuring, Rsquo