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English to Norwegian: October portfolio update General field: Bus/Financial Detailed field: Investment / Securities
Source text - English The Baltic markets rebounded in October and recovered almost all the September losses on the back of increasing investors’ confidence in the orderly resolution of the European debt crisis. The Lithuanian market was the strongest, gaining 11.4%, while the Estonian and Latvian markets gained 9.5% and 7% respectively.
The banks in the fund rallied on the positive sentiment, as well as on good 3Q 2011 results. Both Swedbank and SEB reported better-than-expected results and improving earnings in the Baltics states, which resulted in 30% and 20% gains respectively in the share prices. Even the locally-listed Siauliu Bankas gained 11.4% on positive results. During the month, we XXXXX our positions substantially in Swedbank and SEB as their exposure to the peripheral European debt is XXXXX and the capital adequacy ratios are among the XXXX in Europe.
Translation - Norwegian Med økt tro på en ryddig løsning på den europeiske gjeldskrisen hentet de baltiske markedene i oktober inn nesten hele nedgangen fra september. Det litauiske markedet var sterkest, med en oppgang på 11,4 %, mens markedene i Estland og Latvia steg med henholdsvis 9,5 % og 7 %.
Bankene i fondet fikk et kraftig løft som følge av det positive markedssentimentet, såvel som gode resultater i tredje kvartal. Både Swedbank og SEB rapporterte resultater over forventningene og bedre inntjening i de baltiske statene, hvilket ga en kursoppgang for de to selskapene på henholdsvis 30 % og 20 %. Også den lokalt noterte Siauliu Bankas løftet seg 11,4 % på positive resultater. I løpet av måneden XXXXX vi våre beholdninger i Swedbank og SEB, da deres eksponering til periferisk europeisk gjeld er XXXXXX og deres kapitaldekning ligger i det XXXX sjiktet i europeisk målestokk.
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Other - Statsautorisert translatør
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Years of experience: 15. Registered at ProZ.com: May 2010.
University degrees in Investment Management and International Marketing, and nearly ten years living abroad, makes me a preferred translator for several large international corporations. I am a government authorized translator, which is the highest qualification for translators in Norway. This means that I have passed a rigorous exam held by the Norwegian Ministry of education and research, wich covers legal, financial and general technical material.
My CV is available for download from my profile page. A copy of my government authorization is available on request.
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