Deposits

International Internet Magazine. Baltic States news & analytics Sunday, 08.12.2019, 21:39

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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.

Keyword tags: Banks, Deposits, Direct Speech, Financial Services, Latvia



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

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.


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.


24.08.2018

Estonia’s households continued to borrow enthusiastically in July

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.

14.08.2018

LHV Group nets EUR 2.4 mln in July

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

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