DELFI / Mindaugas Ažušilis
After acquiring retail banking businesses in Lithuania and Latvia from the Danish Danske Bank, the Swedish Swedbank is looking for more acquisitions in these countries.
“We are ready to buy the portfolios of other banks in Latvia and Lithuania. We can’t do that in Estonia due to the size of market share,” Priit Perens, the head of Baltic banking at Swedbank, told Bloomberg.
He explained that Swedbank wants to grow because, in the Baltic states, the bank has “attracted more deposits than loans.”
Perens also said that Lithuania “is clearly the most dynamic” of Baltic markets because of the new international office centres being opened and country’s mortgage growth. However, he also said, “I’m cautiously optimistic on all three Baltic countries. The biggest risk now is that a potential exit of the United Kingdom from the European Union or Germany becoming isolated as a result of the migration crisis could lead to Europe splintering and create a geopolitical vacuum in our region.”
Verslo Žinios
I admit it: I’m not that type of person who follows domestic and international politics…
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…
The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…
