Deposits

International Internet Magazine. Baltic States news & analytics Tuesday, 19.03.2019, 08:18

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Share of domestic and EU deposits at Latvian banks rose to 91% in 2018

Share of domestic and EU deposits at Latvian banks rose to 91% in 2018

05.02.2019

In 2018, deposits made by residents of Latvia and other European Union member states made up 91% of all deposits held by Latvian banks, LETA was told at the Financial and Capital Market Commission (FCMC) whose representatives cited fourth-quarter data on the Latvian banking sector’s transformation process, reported LETA/BNS.

Keyword tags: Analytics, Banks, Deposits, Financial Services, Latvia



Bank deposits increased rapidly at the end of the year

Bank deposits increased rapidly at the end of the year

29.01.2019

Traditionally, December is the month when the highest monthly rise in deposits is observed as businesses close their year and households receive additional revenue during the holiday season. Last December saw the same; moreover, the growth of deposits (+4.8%) was the steepest since the last month of 2013 associated with the coming euro changeover.

ECB monetary policy decisions

ECB monetary policy decisions

25.10.2018

At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.


Estonia’s households continued to borrow enthusiastically in July

Estonia’s households continued to borrow enthusiastically in July

24.08.2018

Households were again active in taking out new loans and leases in July. The 111 mln euros of new housing loans was 7% more than was issued in the same month a year earlier. The yearly growth in the portfolio was around 7%, as in previous months.

LHV Group nets EUR 2.4 mln in July

LHV Group nets EUR 2.4 mln in July

14.08.2018

Consolidated net profit of the listed Estonian banking group AS LHV Group totaled 2.4 mln euros in July, informs LETA/BNS.


02.08.2018

Latvian banking sector has gotten rid of undesirable shell companies – regulator

As at July 7, 2018, the share of high-risk shell companies’ deposits accounted for 0.03% of all deposits held by Latvian banks, representatives of the Financial and Capital Market Commission (FCMC) told, adding that the remaining bad deposits were mostly frozen money, informs LETA.

28.06.2018

Lithuanian banks' profits grew by 1.9% in Q1

Lithuanian banks and branches of foreign banks earned 83.8 million in net profits in the first quarter of 2018, up 1.9%, or 1.5 million euros, from 82.3 million euros a year ago, informs LETA/BNS.

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