Banks, Financial Services, Latvia, Loan

International Internet Magazine. Baltic States news & analytics Wednesday, 20.06.2018, 14:25

Half Latvian banks report growth of their loan portfolios in H1

BC, Riga, 13.09.2017.Print version
The aggregate loan portfolio of Latvian banks in the first half of 2017 by 0.7% or EUR 101.058 million to EUR 15.028 billion at the end of June, and ten banks reported a rise in loan portfolio, informs LETA, according to the Latvian Association of Commercial Banks.

The five banks by the size of loan portfolio are Swedbank, the Latvian branch of Nordea Bank, SEB Banka, DNB Banka and Rietumu Banka. Only Swedbank and SEB Banka reported a rise in their loan portfolios among these banks.

In the first half of this year Swedbank had issued EUR 2.656 billion in loans, growing by 0.4% or EUR 13.068 million.

The loan portfolio of the Latvian branch of Nordea Bank dropped by 0.6% or EUR 15.309 million to EUR 2.656 billion, SEB Banka’s loan portfolio increased by 1.3% or EUR 31.989 million to EUR 2.563 million, the loan portfolio of DNB Banka shrank 2.9% or EUR 43.547 million to EUR 1.456 billion, the loan portfolio of Rietumu Banka declined by 6.5% or EUR 84.24 million to EUR 1.212 billion.

Loan portfolio also rose for Citadele bank by 5.6%, ABLV bank by 0.3%, the Latvian branch of Danske Bank by 16.9%, the Latvian branch of OP Corporate Bank (formerly Pohjola Bank) by 33.2%, BlueOrange Bank (formerly Baltikums Bank) by 6.3%, the Latvian branch of BigBank by 9.9%, Baltic International Bank by 3.9%, and Latvijas Pasta Banka by 4.2%.

Loan portfolio declined for ten banks, including also for Norvik Banka by 1.7%, Meridian Trade Bank by 2%, Regionala Investiciju Banka by 6.6%, PrivatBank by 15.6%, Bank M2M Europe by 11.3%, Rigensis Bank four times, and Expobank by 38.7%.

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