Banks, Deposits, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:56

Latvian monetary financial institutions make EUR 173 mln profit in January-May

BC, Riga, 30.06.2016.Print version
Latvian monetary financial institutions earned EUR 173.2 million in aggregate profit in the first five months of the year 2016, informs LETA, according to the information from the Bank of Latvia.

Aggregate assets of the monetary financial institutions were worth EUR 30.45 billion at the end of May 2016.

 

Monetary financial institutions are credit institutions and other financial institutions accepting deposits from customers which are not monetary financial institutions, as well extending loans from own funds and investing in securities.

 

In 2015, Latvian monetary financial institutions earned EUR 416.4 million in aggregate profit, and their aggregate assets stood at EUR 31.93 billion at the end of 2015.






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