Banks, Financial Services, Latvia, Loan

International Internet Magazine. Baltic States news & analytics Friday, 31.10.2014, 16:14

Banks issued nearly LVL 871 mln in loans in H1

Nina Kolyako, BC, Riga, 27.07.2012.Print version
Alongside the country's economic recovery, Latvia's banking sector has become more active, issuing nearly LVL 871 million in new loans in the first half of 2012, according to data from the Financial and Capital Market Commission.

LVL 341.4 million was issued for the development of Latvian companies in the first half-year. The sector's loans to financial institutions amounted to LVL 58.6 million, to households – LVL 88 million, to non-residents – LVL 381.8 million, writes LETA.

 

In June, the sector issued LVL 213.2 million in loans. LVL 112.8 was issued for the development of Latvian companies, LVL 12.8 million to financial institutions, to households – LVL 16.2 million, to non-residents – LVL 71.2 million.

 

The sector's loan portfolio grew 0.4% in June.






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