banks

Latvia’s Parliament, the Saeima, on Thursday adopted amendments to the Credit Institution Law, mandating that Latvian commercial banks shall no longer offer the Russian language option in ATMs, the parliamentary press service reports.

Representatives of the shareholders of five of Lithuania’s largest banks – Citadele, Luminor, OP Corporate Bank, SEB and Swedbank – met with Prime Minister Ingrida Šimonytė on Wednesday to express their concerns about recent tax decisions taken in Lithuania and changes in the country’s investment en...

Finance Minister Gintarė Skaistė says the Cabinet will not change its stance on the windfall profit tax amid worries expressed by banks.

On Thursday in parliament, parties from the coalition and the opposition presented their proposals on extension of the solidarity contribution paid by banks and credit institutions. The Government suggests that the temporary tax on extra bank profits would be in effect for one more year, whereas the...

The Government proposes to extend the bank solidarity levy for another year in efforts to secure the funds needed for defence. The Finance Ministy’s proposal was approved by the Cabinet of Ministers on Wednesday.

Minister of National Defence Laurynas Kasčiūnas estimates that if the bank solidarity contribution, a levy on extra banking profits, is extended for one more year, it would enable Lithuania to procure an additional air defence system.

The Lithuanian Government has approved the proposal to extend the temporary bank solidarity contribution, a tax on extra banking profits, for one more year in order to fund defence needs. Yet some opposition representatives suggest that banks should pay this tax indefinitely. Minister of the Economy...

Vilija Blinkevičiūtė, leader of the Social Democratic Party, believes that National Defence Minister Laurynas Kasčiūnas is late with his suggestion to extend the bank solidarity levy. According to her, both the Social Democrats and the presidency had previously suggested a longer period for applying...

British banks turned down more than 150,000 applications for government-guaranteed business loans during the Covid-19 outbreak in an effort to prevent fraud, according to the industry watchdog.

Judging by its largest banks, you’d hardly know Europe was in the grip of a worsening pandemic.

As 2020 dawned, bankers throughout Europe were still digging out of the last crisis, with weak lenders in Greece and Italy peddling soured loans and policy makers channeling public funds to frail institutions.

The corporate income tax rate for banks and credit unions is set to rise to 20 percent, from the current 15 percent, in January.

Lithuania's government is leaning towards "burying" the planned banking asset tax and is proposing introducing an additional 7 percent corporate tax for banks, brining the total corporate tax for them to 22 percent.

The new taxes for major retailers and banks, proposed by the ruling parties in Lithuania, could be introduced in the middle of the next year at the earliest, Rima Baskiene, a deputy speaker of the Lithuanian parliament, says.

Norwegian-owned real estate company Baltic Sea Properties (BSP) says local banks have turned down its request for funding for construction projects outside Vilnius and Kaunas thrice in the past six months, the business daily Verslo Zinios reported on Thursday.