Banks, Financial Services, Latvia
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Tuesday, 09.06.2026, 07:15
Banking sector's profit at LVL 78.5 mln in H1
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14 Latvian banks and five foreign banks' branches in Latvia operated with profit in the first six months this year. Their total share of the banking sector's assets is 90.6%, writes LETA/Nozare.lv.
The sector's profit before provisions and taxes reached LVL 140 million in the first half of 2012, 24% more than in the same period last year.
Compared to the respective period last year, the sector's net commissions increased 30.6%, net interest income – 9.3%, whereas provisions for bad debts reduced 14.6%.
The banking sector's liquidity remained high, the liquidity ratio stood at 59.3% at the end of June. At the end of May, the liquidity ratio was 59.4%. The minimum liquidity requirement is 30%.
The capital adequacy ratio stayed high as well, 17.2% at the end of June. The minimum capital requirement is 8%.
Since the beginning of the year, eight banks have increased their capital by LVL 20.5 million altogether.
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