Banks, Deposits, Financial Services, Loan
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 09:56
Latvian monetary financial institutions earn EUR 218.4 mln profit in January-August
In August
2017, the monetary financial institutions showed aggregate profit of EUR 21
million.
As of August 31, 2017, the aggregate assets of the
Latvian monetary financial institutions stood at EUR 27.442 billion, down 5.2%
or EUR 1.493 billion from the end of August 2016 when their aggregate assets
were worth EUR 28.935 billion.
The balance of loans issued to residents by the
Latvian monetary financial institutions was EUR 12.787 billion in late August
2017, up 0.8% year-on-year. This included EUR 12.422 billion in
euro-denominated loans issued to residents, up 1.5% year-on-year, and EUR 364.6
million worth of loans in foreign currencies, down 18.4%.
The balance of resident deposits totaled EUR 10.992
billion at the end of August this year, up 2.7% from the same period last year,
including EUR 9.653 billion in euro-denominated deposits, which was a 3.2%
growth from the end of August 2016, and EUR 1.34 billion in deposits in foreign
currencies, down 0.9% from the same period a year ago.
The capital and reserves of the Latvian monetary
financial institutions totaled EUR 2.97 billion at the end of August this year,
rising 1.6% over the year.
The Latvian monetary financial institutions earned an
aggregate profit of EUR 340 million in the first eight 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.