Content area
Full Text
Reuters reported Aug. 10 that provisions for bad loans in Latvia's bank sector, dominated by Scandanavian institutions, will rise in the second half by 200 million Latvian lats to 1.9 billion lats, or 13% to 15% of the total loan portfolio.
The report cited an e-mail from the country's bank supervisor, Irena Krumane, who said the bad loans will increase further in 2010, with profits for the overall...