Sandra Taimre
sandra.taimre @ aripaev.ee
Nordea Bank announced that due to the poor economic situation in Baltic countries it would not open any new bank offices in Estonia and Latvia before 2010, arileht.ee quotes Berlingske Tidende.
In Estonia and Latvia we have slowed down our speed in opening new offices and we’ll wait at least until 2010 when the economic climate should improve, Thomas Neckmar, head of new European markets at Nordea, said.
However, the bank will continue in their old tempo in Lithuania, where they have not noticed such slowdown in economy.
In spite of all, the Neckmar does not believe Nordea’s loan operations would be hurt seriously by Baltic countries. We has a decent loan policy and therefore I don’t believe the economic fall would influence us that much, Neckmar said.
According to Berlinsgke Tidende, Nordea will open in Estonia and Latvia two new offices this year, in Lithuania seven or eight.
Nordea has altogether 20 offices in Estonia.
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