Banks, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 01:54
Latvian banking sector shows EUR 173.7 mln in profit in January-May
BC, Riga, 29.06.2016.
Print version
Print versionIn the first five months of 2016, the Latvian banking sector earned EUR 173.7 million in profit, the Latvian financial regulator, the Financial and Capital Market Commission reported LETA.
 |
|---|
In January-May 2016, 16 Latvian banks and five branches of foreign banks in Latvia reported profit. Their share in Latvian banking assets was at 99.6%.
The banking sector's loan portfolio increased 1.2% or EUR 172 million in May with the portfolio of resident corporate loans increasing 2.1% and the portfolio of nonresident loans growing 1.1% while the portfolio of resident household loans remained unchanged month-on-month.
Deposits in the Latvian banks in May rose 0.6% or EUR 132 million, with nonresident deposits reducing by 2.8% or EUR 310 million, but resident deposits growing four% or EUR 442 million.
«The Baltic Course» Is Sold and Stays in Business!
