Banks, Financial Services, Latvia

In January-April, 16 Latvian banks and five branches of foreign banks in Latvia reported profit. Their aggregate share in Latvian banking assets was 99.5%.

The banking sector's aggregate loan portfolio increased 0.6% or EUR 86 million in April with the portfolio of resident corporate loans increasing 0.9% and the portfolio of nonresident loans growing 1.2% while the portfolio of resident household loans kept shrinking and decreased 0.1% month-on-month.

Deposits in the Latvian banks in April fell 1.3% or EUR 282 million, with nonresident deposits reducing by 3.4% or EUR 36.2 million, but resident deposits growing 0.9% or EUR 102 million (corporate deposits decreased 0.7% and household deposits grew 1.3%).