Banks, Financial Services, Latvia, Statistics

In January-July this year, 16 Latvian banks and three out of the seven branches of foreign banks in Latvia reported profit. Their aggregate share in the Latvian banking assets was 98.4%.

Total deposits in the Latvian banks decreased in July this year, including a reduction by 2.5% or EUR 297 mln in resident deposits, mostly due to a decline in deposits by the government and private non-financial enterprises, while non-resident deposits fell 3.2% or EUR 344 mln. Banking deposits totaled EUR 21.6 billion at the end of July this year.

The banking sector's loan portfolio increased 0.3% or EUR 48 mln in July with the portfolio of resident corporate loans increasing 0.4% or EUR 30 mln, mostly on account of transactions with real estate. The portfolio of resident household loans shrank 0.2% or by EUR 9 mln. Loans to non-residents grew 1.2% in July this year