Deposits

International Internet Magazine. Baltic States news & analytics Monday, 06.07.2020, 05:18

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Latvian banks operated with EUR 17.4 mln in profit in Q1

Latvian banks operated with EUR 17.4 mln in profit in Q1

02.07.2020

The Latvian banking sector operated with EUR 17.438 million in profit in the first quarter of the year, which is a 4.2 times drop compared to the same period in 2019, writes LETA, according to the information from the Latvian financial regulator, the Finance and Capital Market Commission (FCMC).

Keyword tags: Banks, Deposits, Financial Services, Latvia



Latvian monetary financial institutions report EUR 21.2 mln in 4-month profit

Latvian monetary financial institutions report EUR 21.2 mln in 4-month profit

01.06.2020

Latvian monetary financial institutions (mainly banks) earned EUR 21.2 million in aggregate profit in the first four months of 2020, which is 4.5 times less than during the same period a year ago, the Bank of Latvia reported for LETA.

Citadele posts EUR 7.5 mln loss for Q1

Citadele posts EUR 7.5 mln loss for Q1

29.05.2020

Citadele Bank sustained a loss of EUR 7.5 million in the first quarter of 2020, LETA was told at the bank.


Latvia: Corporate deposits have notably increased

Latvia: Corporate deposits have notably increased

28.08.2019

July saw a considerable rise in savings of domestic enterprises held on bank accounts. At the same time, household deposits also continued on an upward path; however, they posted a minor increase during the summer spending season.

Savings in banks going up

Savings in banks going up

28.03.2019

Stable economic growth has enabled Latvia's businesses and households to save more on their bank accounts. In the circumstances of rapidly increasing compensation of employees, both consumption and deposits with banks are growing. w


05.02.2019

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

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.

29.01.2019

Bank deposits increased rapidly at the end of the year

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.

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