Banks, Deposits, Financial Services, Latvia, Loan
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Friday, 26.04.2024, 17:43
Latvian banking sector operated with EUR 106 mln in profit in Q1
BC, Riga, 28.04.2016.
Print version
Print versionIn the first quarter of the year 2016, the Latvian banking sector earned EUR 106.1 million in profit, the Latvian financial regulator, the Financial and Capital Market Commission, said LETA.
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In the first three months of this year 16 Latvian banks and 6 branches of foreign banks earned profit. Their aggregate share in Latvian banking assets was 99.3%.
Deposits in the Latvian banks in March fell 3.4% or EUR 796.4 million, with resident deposits reducing by just 0.3% or EUR 36.2 million, but non-resident deposits dropping 6.3% or EUR 760.2 million.
The banking sector's aggregate loan portfolio increased 0.4% in March with the portfolio of resident corporate loans increasing 2.3%, the portfolio of resident household loans dropping 0.4% and the portfolio of nonresident loans falling 3.3%.
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