Bad Neighbors Feed Woes for Baltic Bank Ruing Deutsche Loss
- Estonia’s LHV says proximity to Russia, Latvia is problematic
- Lender is struggling to regain access to dollar clearing
This article is for subscribers only.
Just like in real estate, banking can be all about location.
Take AS LHV Pank. Despite being the biggest locally owned lender in its home market of Estonia, it’s struggling to regain access to dollar clearing after Deutsche Bank AG stopped providing the service last month, citing a wider review of its clients.