bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 20.01.2017 | Name days: Aļģirds, Orests, Oļģerts, Alģis
LatviaLatvia

SEB Bank concluded 2015 with profit of EUR 35 million

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOver the course of 2015, SEB Bank issued a total of EUR 549 million in the form fresh loans. Of that amount, EUR 87 million were provided to private persons and EUR 462 million – to different companies. Small and medium-sized companies were provided with EUR 185 million in loans that year, which is 11% less than the amount allocated in 2014.

Last year, the number of new clients who chose SEB Bank as their financial partner had exceeded 20,700. Most of them – 17,300 – are private persons.

Thanks to the improved economic situation, the pension capital of SEB clients continues to rise. More than 285 thousand Latvian residents have entrusted their 2nd level pension savings to SEB Bank. Over the course of the past year, savings of those people have grown by EUR 85 million. 3rd level pension savings are kept in SEB Bank by 81,900 of Latvian residents. The volume of assets of SEB pension fund was EUR 120 million at the end of December 2015, which is EUR 15.1 million in comparison with December 2014.

SEB Group’s financial results in Latvia for 2015: SEB Group’s revenue reached EUR 101.2 million, which is 2% more in comparison with 2014; expenditure decreased by 9% and was EUR 48.7 million; total deposit volume in SEB Bank was EUR 2.1 billion at the end of December 2015, which exceeds results of 2014 by 1%; the bank’s loan portfolio was EUR 2.5 billion at the end of December 2015, which is 4% higher in comparison with the previous year; the bank’s capital and reserves reached EUR 459.9 million at the end of December 2015; the volume of assets was EUR 3.5 billion at the end of December 2015; SEB Bank’s liquidity index was 37.2% at the end of 2015.

Chairperson of SEB Bank Ieva Tetere on results of 2015: ‘The year was full of challenges for the bank and our clients – Latvian residents. Negative interest rates, which reduced banks’ revenue, recession of the Russian economy and requirements of the European Central Bank to secure liquidity forced banks to allocate additional monetary reserves. Legislative changes related to mortgage loan services turned out to be a major challenge on the local market.

We are happy to see loan services livened up – demand for funding is on a rise among small and medium-sized companies outside of Riga. Mortgage loan services are in demand in Riga. In 2015, SEB Bank issued 1,400 mortgage loans worth more than EUR 50 million. In spite of low demand for loans at the beginning of the year due to legislative changes, the interest for loans returned in Q3 and Q4. On top of that, it was possible to exceed results of the previous year by EUR 6 million.

In addition, SEB Bank issued more than 340 mortgage loans worth more than EUR 16.1 million to families with children as part of the state guarantee programme realized by Altum.’

Ref: 102.109.109.7897


Leave a reply

Dozens buried in Italy’s avalanche-stricken hotel

Italy has been shaken by a number of earthquakes this week, one of which has triggered an avalanche burying a mountain hotel, where at least two people have been found dead and dozens more a searched for through rubble and snow.

Weekends to experience frost and thaw; drivers urged to be careful

Weather in Latvia will not be stable in the next couple of days – cloudy weather with some precipitation will be mixed with periods of clear sky, according to State Environmental, Geology and Meteorology Centre.

Logistics Industry Council assesses results of 16+1 summit

Experts say container cargoes have the potential to bring major contribution to the logistics sector. With that, LDz Logistics intends to continue organizing the next container train from China, as well as cooperate with partners from Belarus and China in the context of the Great Stone industrial park, as BNN was informed by Transport Ministry’s representative Ilze Greiskalna.

Parliament supports amendments to avoid expensive land-measuring actions

It will no longer be necessary to prepare land border plan for entry of land units in the Land Book. It will help save budget funds, as it will not be necessary to perform land-measuring actions, as reported by Saeima press-service.

CP supervisors concerned about Latvijas Gāze’s contract terms

The Competition Council is concerned about Latvijas Gāze’s behaviour in the process of liberalization of the country’s gas market. Economy Ministry has submitted a draft of the Gas Trade and Use Rules to the Cabinet of Ministers Committee for review.

Germany seeks clarity from Trump’s government, to boost military spending

Berlin has emphasised plans to increase defence spending after facing criticism from upcoming U.S. President Donald Trump on NATO countries not meeting their spending commitments.

Saeima re-elects Elita Krumina as State Auditor

On Thursday, 19 January, the Saeima re-elected Elita Krumina in the post of State Auditor.

Saeima supports formation of aircraft passenger data registry to combat terrorism

On Thursday, 19 January, Latvia’s Saeima approved the Aircraft Passenger Data Processing Law in the final reading. This will form the passenger data registry.

Milk retail price in Estonia reaches 55 cents per litre after to price hikes

After a long period of low milk purchase prices in Estonia, milk retail prices in the Baltic country have increased twice, reaching the point where famers receive just enough to cover milk production costs.

Ventspils Freeport carries Lembergs around with luxurious car worth EUR 156,000

In spite of a 16.44% turnover decline, Ventspils Freeport bought a lux-class Audi A8L W12 for EUR 156,000 last year. It’s only known passenger so far has been the formally suspended chairman of Ventspils City Council Aivars Lembergs, as reported by Latvijas Avīze.

Estonia concludes bilateral defence framework deal with Finland

Estonia and Finland have signed a bilateral defence cooperation framework agreement aiming for closer and more regular cooperation in the field by the neighbouring countries.

Biden: Wealthiest 1% does not pay enough in taxes

The «top 1% is not carrying their weight», outgoing U.S. vice-president, Joe Biden evaluated at the World Economic Forum, insisting the world's wealthiest that they do not pay enough in taxes.

Latvia and Japan sign convention on attraction of foreign investments

In Tokyo, Latvian Finance Minister Dana Reizniece-Ozola and Japanese Foreign Ministry’s Parliamentary Vice-Minister Motome Takisawa signed a convention between the two countries on double taxation prevention for income tax.

FM: problems with real estate tax cannot be resolved with tax rate corridor

Real estate tax benefits for housing area could be applied for each person declared living in each respective house. Each benefit can be applied to the building and land, Finance Ministry’s representative Aleksis Jarockis reported on conclusions made by the work group responsible for amendments.

Turkey’s New Year’s terrorist admits choosing nightclub randomly

The main suspect of the attack in Istanbul, which left 39 people dead during New Year’s celebrations, had selected randomly the place of attack.

WhatsApp to be provided with bank-contacting functionality

Continuing the digitization process and studying customer habits more intently, it is planned to allow customers resolve matters related to finances using WhatsApp, DNB Bank reports.

U.S. commutes sentence of classified-document-leaker Manning

U.S. President Barack Obama has commuted the sentence of the former U.S. soldier Chelsea Manning, found guilty of stealing and leaking a vast material of classified material to transparency organisations.

Mamikin expects things to get worse in EU after EP elections

MEP Andrey Mamikin predicts the situation in the EU to become worse after elections in the European Parliament and the election of Antonio Tajani as president.

Study results about Latvian schoolchildren urge immediate action

«OECD’s study about the level of knowledge of Latvian schoolchildren urges immediate action. We cannot stop with average results – we have few youngsters, and we cannot afford to give them secondary education,» – said Chairman of Saeima’s European Affairs Committee Lolita Cigane and head of Education, Culture and Science Committee Ilze Vinkele.

Opinions: untrue myths about export in Latvia

Although Latvia is a successful country in Northern Europe, some of the country’s residents believe that all of Latvia’s export depends on Russia and that salvation lies in small wages. Big Event representatives offer their look on what is true.

EHC: Lithuania violated prisoner’s rights with barring internet access

A jail in Lithuania has unjustly barred a prisoner from accessing the internet, according to a ruling by the European Court of Human Rights.

Oil price on a rise in the world; exchange indexes decline in USA and Europe

The price of oil in the world this morning, 18 January, grew in relation to US dollar’s value drop and expectations regarding commercial oil reserves in USA, which compensates on the market the influence from predictions in Russia and USA about oil production increase by the end of 2017.

Association asks to sign proposal on publication of audio recordings from Saeima meetings

In the assessment of deputy quotas the Budget and Finance Committee worked as voting machines. They did not try to assess each proposal’s purpose, states Delna – Society for Openness, urging other to sign a proposal on Manabalss.lv for the publication of audio recordings made during meetings of Saeima committees.

Estonia to raise wages for healthcare workers

Estonian Health Insurance Fund's has allocated a total of 23.6 million euros for raising wages of health care workers, who last year asked for at total of 68 million euros.

Defence cooperation agreement concluded by Estonia and U.S.

Estonia and the U.S. have signed a bilateral agreement on cooperation in the field of defence, which clarifies the legal framework for the presence of American Armed Forces in Estonia.

When do you pay fines for speeding?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: