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Q4 2009 results of Swedbank Lithuania: the costs decreased by one fifth, future focus on productivity

2010-02-09
The steep decline in economic activity ended, and signs of gradual stabilisation and fragile growth in exports were noted in Q4. The cumulative GDP decline from the peak of the cycle reached approximately 15 per cent in Lithuania. The underlying trends have turned. Domestic demand continues to decline as unemployment grew, but exports gradually picked up with improved competitiveness and a recovery of global growth. Read more

European Investment Fund and „Swedbank“ Lithuania signs a EUR 104 million agreement for financing Lithuanian SMEs

2010-02-05
European Investment Fund (EIF) and „Swedbank“ Lithuania today signed an agreement under which „Swedbank“ will provide loans worth EUR 104 million (over LTL 359 million) to Small and medium sized enterprises (SMEs) in Lithuania. Read more