Analytics, Banks, Financial Services, Latvia, Statistics

In April this year, the monetary financial institutions made EUR 31.5 mln in aggregate profit.

As at April 30, 2017, the aggregate assets of the Latvian monetary financial institutions stood at EUR 28.053 bln, down 6.4% or EUR 1.904 bln from the end of April 2016 when their aggregate assets were worth EUR 29.957 bln.

The balance of loans issued to residents by the Latvian monetary financial institutions was EUR 12.768 bln in late April 2017, up 2.5% y-o-y. This included EUR 12.367 bln in euro-denominated loans issued to residents, up 3.4% y-o-y, and EUR 400.4 mln worth of loans in foreign currencies, down 19.7%.

The balance of resident deposits totaled EUR 11.024 bln at the end of April this year, up 4% from the same period last year, including EUR 9.678 bln in euro-denominated deposits, which was a 3.7% growth from the end of April 2016, and EUR 1.346 bln in deposits in foreign currencies, up 5.8% from the four-month period last year.

The capital and reserves of the Latvian monetary financial institutions totaled EUR 2.838 bln at the end of April this year, declining 10.8% y-o-y.

The Latvian monetary financial institutions earned an aggregate profit of EUR 141.7 mln in the first four months of 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.