Wed, 6 Apr 2011: Banks push for plastic…

The board is due to give its final opinion after the banks have agreed on new fees. Latvia’s Competition Council fined 22 lenders about 5.5 million lats (7.8 million euros) for colluding o...

Thu, 20 Jan 2011: No change for big bills…

Another possibility is that some people get paid in cash when working abroad, or they withdraw their wages from the local banks there in 500 euro notes,” she said. Wherever people get such...

Wed, 14 May 2008: Russian bank acquires troubled Multibanka …

The deal was apparently under review for months, as the capital markets commission required additional time to check SMP Bank, which has entirely different accounting standards. In the second ha...

Thu, 5 Aug 1999: Latvian banks overcome crisis…

In the first six months, 26 banks have lended a total of 755.9 million lats which is a 3.2 percent increase over the 1998 figure.The banking association president noted that banks mostly give cred...

Thu, 29 Jul 1999: Latvia: off-shore country?…

At this point, however, bankers view the move as "simply illogical."Bankers believe the central bank's decision will result in a reduction in the volume of deals with banks located in territories ...
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