WARNING!!

Once upon a time some twenty-old years ago, western businessman worned us, taht Tax Board and Banks are their biggest enemies. We soon found out that the Tax Board really is an enemy, but it was only recently that we lost our trust in banks....



24 April 2009. Ärileht in Eesti Päevaleht. ‘FT: Storm in Baltic States is shaking Swedish banks’




Financial Times writes that according to the Bank of International Settlements (BIS), Swedish banks have 80 billion USD or almost 1 trillion kroons worth of tied-up assets in the Baltic States. Such a huge amount comprises 16 percent of the gross domestic product of Sweden. It is also an interesting fact that Swedbank has more loan clients in the Baltic States in 2009 than in Sweden.

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