Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….
The Baltic States and Poland can become a bridge to reinforce relations with the United States, Latvian President Edgars Rinkevics said, LETA reports. Speaking at a joint press conference with visiting Polish President Karol Nawrocki in Riga, Rinkevics called on countries in the region to ensure that transatlantic ties are strengthened rather than weakened. He…
Taiwan’s largest commercial bank, state-owned Bank of Taiwan, plans to open a representative office in Lithuania, BNS reports, citing business news website Verslo Zinios. The Financial Supervisory Commission of Taiwan has approved the bank’s application to open an office in Lithuania. The Bank of Taiwan said that the office would help expand business operations in…
