Swedbank to create Baltic real-estate company

Archived Articles | 30 Jun 2009 | EWR

The Swedish Wire

Due to a growing number of confiscated properties in the Baltic States, Swedbank "will become a real-estate company" in the region, the bank’s CEO said.

In the trail of the financial crisis in the Baltic States, Swedbank, the region's largest lender, is likely to end up with large assets in real-estates, confiscated from customers that fail to pay interest.

“We will become a real estate company in these countries within a few years”, said Swedbank’s CEO Michael Wolf in a speech at the political event Almedalen Week on the island of Gotland on Tuesday.

Continue reading here:
http://www.swedishwire.com/bus...

Archived Articles

The reverberations of Soviet totalitarianism in Finland: Sympathies and contradictions (II) (1)
Translated from Imbi Paju’s article in “Maailma Vaade” (View of the World).

This year 70 years have passed since the signing of the ...

How to Liberate an Economy
Entrepreneurs understand the importance of freedom in the workplace

Guy Sorman, TCS Daily

Brian Carney and Isaac Getz's Freedom, Inc. is a ...

Lessons from Estonia: Protecting the West from a computer attack
Väino Reinart, National Post, October 22, 2009

The cyber attacks carried out against Estonia in the spring of 2007 served as a wake-up call about ...

Opening statement by Mark Carney Governor of the Bank of Canada Press conference following the release of the Monetary Policy Report 22 October 2009
Good morning. Paul and I are pleased to be here with you today to discuss the October Monetary Policy Report, which we published this morning.

...

Welcome home
It is high time to abolish the concept of ethnic minorities
Europe.view column, Oct 22nd 2009, from Economist.com

Should the Polish ethnic ...

Moscow Patriarchate’s efforts to subordinate ‘alternative Orthodox’ undercut Russia’s future, Regelson says (2)
VIENNA, October 22 – The Moscow Patriarchate’s drive to subordinate all independent Orthodox bishops and believers to its own power vertical, an ...