Creditors of the recently bankrupt Estonia Savings and Loan Association met for its general meeting on Monday but have little hope of seeing their savings restored to them. Estonia plans to step up supervision of savings and loan associations. A few hundred people gathered for the meeting, most of themContinue Reading
The majority-state-owned Finnish energy company Fortum has announced the signing of a bridge financing agreement with the Finnish state worth 2.35 billion euros. The financing arrangement will cover the company’s collateral needs in the Nordic power commodity market, Fortum said in a statement released on Tuesday morning. The deal allowsContinue Reading
A large and growing proportion of new mortgages are taken out by people who have high total debt in relation to annual income, according to a survey by the Financial Supervisory Authority of Norway (Finanstilsynet). Almost half of the loan volume in this year’s survey was given to borrowers withContinue Reading