Banks Rake in €113 Million in Profits in Q1 ({{commentsTotal}})

Business
Business

A third of the 113 million euro profit recorded by commercial banks in Estonia in the second quarter of 2014 was earned from subsidiaries.

“Bank profitability has been helped by a decrease in administrative costs and reevaluating losses from loans, on the other hand net interest earnings decreased in the second quarter,” Jaak Tõrs, head of the Financial Stability Department at the Bank of Estonia, said.

Banks earned a combined 79 million euros in the first quarter and 444 million in profit in 2013.

For more information, click here for the Bank of Estonia's quarterly financial report.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.