The Baltics Today

Swedbank in Baltics was profitable in Q1

Māris Mančinskis, head of Swedbank Latvia: „For more than a year now we have been operating in low interest rate environment that has put pressure to our earning capacity and forced us to focus on being more efficient. Swedbank Latvia earned a profit of 32 million EUR in Q1 2014 against 23 million EUR for Q1 2013 due the release of provisions. Swedbank's Estonian unit earned EUR 39.4 million and Swedbank Lithuania earned a net profit of EUR 26 million.... Read more...

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