To prevent fraud, the state is planning changes that would slow down large bank transfers and ATM cash withdrawals to give banks time to verify the transaction. Every year, people and institutions in Estonia lose millions of euros to scammers. The state is looking for ways to curb the epidemic, though the measures will inevitably…
Hungarian authorities have revoked the March 6 decisions targeting Oschadbank cash collection employees, including the ban on their entry into the Schengen Area. This was reported by the bank’s press service. “On May 18, Hungary’s National Directorate-General for Aliens Policing revoked the deportation orders and the three-year ban on entry and stay within the Schengen…
Swedbank and SEB in Estonia reported lower profits in the first quarter of 2026 as declining interest income tied to lower market rates offset continued growth in lending. Swedbank, the commercial bank with the largest market share in Estonia, posted a net profit of EUR 55 million in Estonia in the first three months of…
Bulgarian National Bank received the “Individual or Organization That Contributed to Limiting and Preventing the Informal Economy Through an Active Position” award in the national “Bright Economy” competition, organized by the Industrial Capital Association in Bulgaria. The award was given for the effective management of the euro adoption process in Bulgaria. The nomination justification states…
Estonia plans to let banks halt transfers they suspect are fraudulent and alert authorities, aiming to slow surging phone and investment fraud. The Ministry of Finance is submitting a bill to a coordination round this week that would allow banks to freeze payments showing signs of fraud and notify policy, the Information System Authority (RIA)…
Swedbank earned the largest profit among banks operating in Lithuania in the first nine months of 2025, posting net earnings of 261.5 million euros, down by 1% YoY, central bank data showed. Profits at other major banks also declined. SEB’s profit fell by 8.5%, to 218.4 million euros, while Artea’s dropped by 24%, to 48.3…
Iute Group, a banking group founded in Estonia, has won Ukraine’s state-organized tender to create a digital bank. Final approval will be given later this month. Iute has won Ukraine’s state-organized tender conducted by Deposit Guarantee Fund to take over selected assets and deposit liabilities of RWS Bank, a Ukrainian bank with over 30 years…