Financial Services, Latvia, Loan
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 16:29
Consumer loans issued to Latvian households increased by 1.4% in H1
Consumer loans issued to households for periods less than one year totaled
EUR 127.7 million by the end of the first half of the year, up 2.7% or EUR 3.4
million from the end of 2016.
Consumer loans issued to Latvian households for a term of one to five years
amounted to EUR 218.5 million at the end of the first half of this year, rising
by 13.6% or EUR 26.2 million from the end of 2016, while consumer loans issued
to households for a period longer than five years reduced by 13.5% or EUR 23
million to EUR 147.6 million euros.
Consumer loans with maturity between one year and five years accounted for
the largest part or 44.2% of all consumer loans at the end of the first half of
the year (39.5% in late 2016). Consumer loans with maturity longer than five
years made up 29.9% (35% in late 2016), and consumer loans with maturity up to
one year made up 25.9% (25.5% in late 2016).