Business and Economic Horizons

  Previous Article | Back to Volume | Next Article
  Abstract | References | Citation | Download | Preview | Statistics
Volume 4
Issue 1
Online publication date 2011-01-14
Title Financial services export by Baltic banks
Author Marija Lindemane
Abstract The present article discloses the problems connected with the export of financial services by commercial banks of three Baltic countries - Lithuania, Latvia and Estonia. The author cites examples of innovations in banking world markets for expanding variants and increasing efficiency of financial services export. Special attention is focused on such an innovation of the banking market of the a.m. countries as "EU remote deposit". Aggregated results of the research of financial services export through questioning residents of the European Union are presented in the given article.
Citation
References
Association of Lithuanian banks, 2010. “Profit (Loss) of Banks: 3rd quarter 2010 (end of period),” Association of Lithuanian banks, December, http://www.lba.lt/go.php/eng/2010/2291

Bank of Latvia, 2010. “Profit/loss account for 9 month period ended 30 September 2010,” Association of Latvian Commercial banks, Latvia, http://eng.bankasoc.lv/Association/statistics/sector/article.php?id=3320

EC, 2005. Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. http://eur-lex.europa.eu/Result.do?T1=V3&T2=2005&T3=60&RechType=RECH_naturel&Submit=Search

EC, 2006. Regulation (EC) No 1781/2006 of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds. http://eur-lex.europa.eu/en/index.htm

Financial and Capital Market Commission, 2010. “Banking Activities in 3rd Quarter of 2010,” FCMC Quarterly report, Latvia, December, www.fktk.lv/en/statistics/credit_institutions/quarterly_reports/2011-01-05_20100930_banking_activit/

Finextra, 2009. “Innovation Showcase. Finextra highlights the most innovative technologies, products and projects in financial services over the last 12 month,” Finextra Research Ltd. February, http://www.finextra.com/ fullfeature.asp?id=1087

Latvian Business bank, 2009, “FIXI deposits. Terms of agreement”, Latvian Business bank, Riga, Latvia, http://www.fixideposit.eu/en/how-it-works/agreement-conditions

Natrins, A., 2009. “Would Riga be recognized as financial centre?”, Management. Economics - the collection of papers. Research Centre of Business and Finance. BA School of Business and Finance [Vai Rīga būs starptautisks finanšu centrs?” Vadībzinātne. Ekonomika - rakstu krājums. Biznesa un finanšu pētniecības centrs], In Lativian, Riga, Latvia pp.38-39

Skinner, Ch., 2009. “The future of banking: In a globalised world,” John Wiley & Sons, Ltd

Keywords Financial services export, banking, remote deposit, innovation in banking, financial services trading
DOI http://dx.doi.org/10.15208/beh.2011.6
Pages 70-80
Download Full PDF Download
  Previous Article | Back to Volume | Next Article
Share
Search in articles
Statistics
Journal Published articles
BEH 558
Journal Hits
BEH 1133852
Journal Downloads
BEH 41281
Total users online -