Private clients
News
Q2 2010 Results of Swedbank in Lithuania
2010-07-22
The situation of economy of Lithuania has stabilised and business environment is gradually improving. Recovery of foreign markets considerably improved export results. Local demand remains weak, but the bottom has already been reached. “Despite the consumption keeps reducing but in the present situation the government can't afford larger expenditures to stimulate the economy. Read more
Q1 2010 Results of Swedbank Lithuania: slower increase of impaired loans
2010-04-27
Moody’s, Standard and Poor’s and Fitch Ratings raised the credit rating outlook for Lithuania from negative to stable as the economy of the country recovered faster than anticipated. These rating agencies raised the country`s outlook based on recovery signs and government steps to curb budget deficits. According to the most recent economic outlook published by Swedbank, recovering exports, significant budget deficit and the extensive use of EU funds in the budget helped Lithuania slow down the economic recession. Read more
