Banks, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:57

Banking sector's profit at EUR 148.6 mln in 4 months in Latvia

BC, Riga, 27.05.2015.Print version
The Latvian banking sector operated with a profit of EUR 148.6 million in the first four months of 2015, reports LETA, according to the Financial and Capital Market Commission's preliminary data about Latvian banks' performance in the first quarter.

Fifteen Latvian banks and five foreign banks' branches in Latvia were profitable in January-April this year. Their total market share (in terms of assets) is 96.4%.

 

The banking sector's total amount of assets in April increased 0.4% or EUR 14 million, amounting to EUR 31.2 billion at end-April.

 

The total volume of deposits in banks grew 0.5% or EUR 107 million. Residents' deposits rose 1.9% or EUR 190 million, and non-resident deposits dropped by 0.7% or EUR 83 million, mostly due to the increasing value of the U.S. dollar.






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