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Luminor
Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania. It is the third-largest bank in the Baltics and in Estonia. Luminor has a deposit market share of 16% and lending market share of 22%. Luminor was founded in August 2017 on the basis of the Baltic operations of Nordea and DNB. Luminor took over 930,000 of DNB's former customers and 350,000 of Nordea former customers. The merger was completed on 1 January 2019. Originally, Nordea owned 56.5% and DNB owned 43.5% of Luminor. In September 2018, it was announced that 60% of Luminor's shares will be sold to the Blackstone Group led consortium. The transaction was approved by the European Commission in January 2019. The transaction was completed in September 2019. After the transaction, Nordea and DNB Drum and bass (also written as drum & bass or drum'n'bass and commonly abbreviated as D&B, DnB, or D'n'B) is a genre of electronic dance music characterized by fast breakbeats ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordea
Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Baltic operations in 2019. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US. Nordea serves 9.3 million private and 530,000 active corporate customers, including 2,650 large corporates and institutions. Nordea's credit portfolio is distributed across Finland (21%), Denmark (26%), Norway (21%), and Sweden (30%). There are four Business Areas (BAs) at Nordea, Personal Banking, Business Banking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DNB ASA
DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo. The two largest owners of DNB are the Norwegian Ministry of Trade and Industry (34.0%) and Sparebankstiftelsen DnB NOR (10.0%). The latter was created as a foundation with the sole purpose of owning part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the companies' customers retained partial ownership of the company. The foundation also can give up to 25% of its received dividend as gifts to charity. Operations The DNB Bank Group is the largest entity in the DNB Group and Norway's largest bank, offering services to the corporate, retail and securities markets and the public sector. Domestically, the group has an investment bank DNB Markets, the finance company Cresco, the real estate agency DNB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estonian Companies Established In 2017
Estonian may refer to: * Something of, from, or related to Estonia, a country in the Baltic region in northern Europe * Estonians, people from Estonia, or of Estonian descent * Estonian language * Estonian cuisine * Estonian culture See also * * Estonia (other) * Languages of Estonia * List of Estonians This is a list of notable Estonians. Architects * Andres Alver (born 1953) *Dmitri Bruns (1929–2020) * Karl Burman (1882–1965) * Eugen Habermann (1884–1944) *Georg Hellat (1870–1943) *Otto Pius Hippius (1826–1883) * Erich Jacoby (1885†... {{Disambiguation Language and nationality disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2017
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Lithuania
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Latvia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Estonia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltic News Service
The Baltic News Service (BNS) is the largest news agency operating in the Baltic states. Founded in April, 1990, by a group of students (the founding CEO was Allan Martinson), it sought to inform foreign correspondents in Moscow of developments in the Baltic states' struggles for independence from the Soviet Union. Within a few months, it had been recognized by numerous Western media sources. Today, BNS is a holding company for separate organizations in Estonia, Latvia, and Lithuania. BNS disseminates news in Russian and English (as well as the domestic languages of Estonian, Latvian, and Lithuanian) via the internet and by other means. Subscribers include media, financial, industrial, and government institutions in the Baltic states. BNS also collaborates with Agence France-Presse, Reuters, and Interfax. In 2003, the BNS publishing company in Estonia, BNS Kirjastus, bought the bankrupt news agency ETA ( Eesti Teadeteagentuur). BNS was wholly owned by the Finnish media grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Broadcasting Of Latvia
Public Broadcasting of Latvia ( lv, Latvijas sabiedriskais medijs, lit=Latvian Public Media – LSM) is a publicly funded radio and television organization operated by both of Latvia's public broadcasters – Latvian Television and Radio Latvia. LSM provides news, analysis, culture, entertainment and new experimental content, produced mainly by Latvian Television and Radio Latvia, and by the portal’s editorial personnel. The site was launched on 3 February 2013. LSM content is also available in Russian and English. News content in English was made available from 1 July 2014. A unified news portal was one of the steps planned in a much wider convergence of both public broadcasters. In 2012, Latvia’s National Electronic Media Council (NEMC) approved the concept of creating a new Latvian public service media organization. NEMC members had to decide from 3 different scenarios: * partial convergence (institutional independence, but both media to engage in joint projects); * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eesti Rahvusringhääling
Eesti Rahvusringhääling (ERR) – ''Estonian Public Broadcasting'' – is a publicly funded and owned radio and television organisation created in Estonia on 1 June 2007 to take over the functions of the formerly separate Eesti Raadio (ER) (''Estonian Radio'') and Eesti Televisioon (ETV) (''Estonian Television''), under the terms of the Estonian National Broadcasting Act. The first chair of ERR is Margus Allikmaa, the former chair of Eesti Raadio. Present CEO is Erik Roose. The organisation has proved popular since its creation, with ETV becoming the national television channel, creating and producing their own shows. Eesti Rahvusringhääling (ERR) can be streamed live from all around the world from online browsers as well as an app. Services Television ERR's three national television channels are: *ETV – a general interest television channel *ETV2 – programming for children, sports, cultural programming, i.e. quality films and drama series *ETV+ – ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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