Swedbank on Tuesday acknowledged it was planning for a possible currency devaluation in Latvia but suggested that the worst could be over in the troubled Baltic region. Economic turmoil in Latvia and Lithuania pushed Swedbank - which has the largest Baltic exposure among Nordic banks - to its third consecutive quarterly loss, of SKr3.34bn ($479m), compared with profits of SKr2.47bn($354m) a year ago. But the number of new impaired loans was lower than in the previous quarter.
