As of April 12, 2012, bank Finasta becomes a liquidity provider for JSC Olainfarm shares that are listed on NASDAQ OMX Baltic Main List. Olainfarm is the only listed company in Latvia for which shares the market making is provided.

Continuing bankruptcy procedures of AB bank Snoras it is now targeted to separate the independently operating subsidiaries and sell them. Companies belonging to Finasta Financial Group and operating in Lithuania and Latvia are also listed among object for sale.  The intention is to sell it as one unit: bank Finasta, asset management company Finasta Asset Management and corporate finance service provider Finasta Corporate Finance.  

Baltic economies still overperformed the economists’ expectations in Q3. However, the deteriorating outlook of the European economy does not leave any doubt that this strength will prevail  next year. We revise our GDP forecasts: faster growth is expected in 2011, but we downgrade our projections for 2012.

Leadership in generating stable pension fund return, growing market share of investment portfolios, new business prospects in light of global economic recovery, shareholders’ trust and updated brand – this is what Finasta Group enjoys today.

2011 Q2 Baltic Quarterly Outlook.