Banks, Financial Services, Latvia
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Friday, 26.04.2024, 00:54
Latvian banks report EUR 90.6 mln in aggregate Q1 profit
BC, Riga, 22.05.2018.
Print version
Print versionDuring the first quarter of this year, the Latvian banking sector generated EUR 90.663 million aggregate profit, down 13% from the same period a year ago, writes LETA, according to the data released by the Financial and Capital Market Commission (FCMC).
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The banking sector’s aggregate assets contracted 9.4% or EUR 2.68 billion from the end of last year to EUR 25.717 billion at the end of March 2018.
Deposits at Latvian banks fell 10.8% or EUR 2.183 billion from the end of 2017 to EUR 18.084 billion in late March 2018.
The banking sector’s aggregate loan portfolio was worth EUR 14.256 billion at the end of this March, down 1.3% or EUR 184.826 million from the end of 2017.
The Latvian banks’ capital and reserves decreased 3.2% from the end of last year to EUR 3.061 billion at the end of March 2018.
The Latvian banking sector closed the first quarter of 2017 with EUR 104.747 million in aggregate profit and earned EUR 236.101 million in the full 2017.
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