Tsarizm
Baltics

The Russian Shadow Over Banking’s Nordic Noir

The Russian Shadow Over Banking’s Nordic Noir
Image by Latvijas Banka
Lats commemorative coin

When Nordic banks started to flood into the Baltic countries at the turn of the century, it seemed a golden opportunity to establish a lucrative new business in a hyper-competitive industry. “This was seen as the great new frontier,” says one Nordic banker involved in the expansion. Soon, various lenders including Danske Bank, Swedbank, SEB, Nordea and DNB controlled almost all domestic banking in Estonia, Latvia and Lithuania.

“This was seen as the great new frontier,” says one Nordic banker involved in the expansion. Soon, various lenders including Danske Bank, Swedbank, SEB, Nordea and DNB controlled almost all domestic banking in Estonia, Latvia and Lithuania…

To read more visit Financial Times.

Related articles

Merkel Spreads “Fake News” About Nord Stream II Pipeline – “Will Not Make Us Dependent On Russia”

Tsarizm Staff

Lithuanian President Just Can’t Shake EU Hatred Of The Only Functioning Democracy In Middle East – Israel

Tsarizm Staff

Russians In Estonia: A Case Study In Offensive Structural Realism

Tsarizm Staff

Leave a Comment