Banks, Deposits, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 10:48

Banking sector's profit in Latvia at EUR 219.6 mln in H1

BC, Riga, 29.07.2015.Print version
The Latvian banking sector operated with a profit of EUR 219.6 million in the first six months of 2015, reports LETA, according to the Financial and Capital Market Commission's preliminary data about Latvian banks' performance in the first half of the year.

Fifteen Latvian banks and five foreign banks' branches in Latvia were profitable in January-June this year. Their total market share (in terms of assets) is 96.1%.

 

The banking sector's total amount of assets in June decreased 0.8% or EUR 243 million, amounting to EUR 31.4 billion at end-June.

 

The total volume of deposits in banks dropped 1.2% or EUR 271 million. Residents' deposits rose 0.6% or EUR 61 million, and non-resident deposits dropped by 2.7% or EUR 332 million, some of this due to the decreasing value of the U.S. dollar.






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