Joint bank of DNB, Nordea to be headquartered in EstoniaEconomy
- Big banks «wait and see» regarding new credit reference systemEconomy
- Estonia's LHV exits Latvian marketEconomy
- Chief of Danske: pension investors need not worryEconomyLast year, Danske Bank begun the switch to corporate banking in Baltics and successfully so says its head in Estonia, Ivar Pae. As related to sale of Danske Bank pension funds to LHV the clients need not worry: the fund will be managed well even during times of transition i.e. as long as the transition is completed, he says.
- Client and bank to deal via videoEconomy
- Editorial: need to know or nice to knowOpinionBanks have begun to demand data from customers which, among other things, concern relatives' links to state offices. If we present not the data, we can't use the bank services. The clients are disturbed, and understandably so. The banks say they aren't after the data on their own initiative but according to laws and regulations. Data protection Inspectorate says banks need to update client data to comply with Money Laundering and Terrorist Financing Prevention Act.
- Banks twist client arms to draw personal dataEconomy
- SEB grants grace period to third of milk producersEconomy
- Bums and fools in loan shark jawsLocal News
- Editorial: central bank saving the eurozone economyOpinionEuropean Central Bank led by its president Mario Draghi, saviour of the euro two years back, is keeping up strong stimulation of eurozone’s stagnating economy and demonstrating determination to save it from deflation trap. As decided by ECB council yesterday, the base interest is down to the non-existent percentage of 0.05, and deposit interest 0.2 below zero. Also, they are in for a massive purchasing of assets.
- ECB acts decisive in deflation threatEconomyEven before stepping into office, European Central Bank president Mario Draghi was nicknamed Super Mario. Now, nearly three years into his term, the ECB council under his leadership has managed to act decisive on several occasions. For starters, two years ago, eurozone was saved from breaking apart, or, at least, from a very bad crisis. Now, the central bank is set to do battle for boosting economy and defeating deflation.
- Editorial: the timely tax talkOpinionThere are four bigger banks in Estonia: Swedbank, SEB, Danske Bank, and Nordea. In 2010–2012, the Golden Quartet made €1bn plus of net profit, between the four. A billion euros is very big money. To compare: this year’s state budget – upholding entire Estonian state – is €8bn. Might be more, but that’s what we have. What we do not have, even Death can’t take, to say nothing of the Taxman.
- Voluntary income tax proposed for banksEconomy
- Latvian euro switch may make banks balkEconomy
- Banks in Estonia: between a rock and a hard placeEconomy
- Estonian banks more than triple profit in AprilEconomy
- Estonian banks had 1.96 mln online banking customers at end of AprilEconomy
- An average of 1.2 million internet purchases are made through banks in Estonia every monthEconomyEesti Pank's statistics show that in the past 11 months, 1.2 million internet purchases have been made through Estonian banks, with a total turnover of 54 million euros. Of these purchases, 4/5 were payments within Estonia made through a bank link service, accounting for 40 million euros in value. The average size of these payments was 42 euros. Credit cards were used more over the internet for making payments for goods and services ordered from other countries. Credit card payments were made on average 235 thousand times a month for a total value of 15 million euros. Only one tenth of these payments were within Estonia. The average credit card payment was 64 euros.