Banks, Financial Services, Latvia, Loan

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:03

Banking sector's profit at EUR 290.3 mln in January-August in Latvia

BC, Riga, 29.09.2015.Print version
The banking sector operated with a profit of EUR 290.3 million in the first eight months of 2015, reports LETA, according to the Financial and Capital Market Commission's preliminary data.

Fifteen Latvian banks and five foreign banks' branches in Latvia, whose total share of the banking sector's assets is 94.3%, were profitable in January-August 2015.

 

In the same period last year, the banking sector's profit totaled EUR 241.1 million, therefore the profit in January-August this year is 20% higher.

 

The banking sector's total loan portfolio has increased 0.4%, while the amount of deposits has reduced 0.2% or EUR 50 million.






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