Banks, Deposits, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Tuesday, 23.04.2024, 14:50
Latvian banking sector makes EUR 254.981 mln profit in 10 months
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In October
the banking sector posted EUR 11.09 million in profit.
Thirteen Latvian banks and three branches of foreign
banks showed profit in the first ten months of this year, according to FKTK.
At the end of October 2017, banking assets totaled EUR
28.537 billion, down 3.3% or EUR 959.059 million from the end of 2016, and up
3.7% or EUR 0.13 billion from the end of September this year.
Banks in Latvia held EUR 20.143 billion in deposits at
the end of October 2017, down 5.7% or EUR 1.215 billion from the end of 2016
and by 1.6% or EUR 326.421 million more month-on-month.
The banking sector's aggregate loan portfolio reached
EUR 14.656 billion at the end of October, shrinking 3.1% or EUR 473.34 million
from the end of 2016 and growing 0.8% or EUR 109.233% from September 2017.
In the first ten months of 2016 Latvian banking sector
profit was EUR 408.748 million.
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