Banks, Financial Services, Latvia
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Thursday, 25.04.2024, 05:47
Latvian banking sector profits EUR 211.2 mln in 7 months
BC, Riga, 27.08.2014.
Print version
Print versionLatvia's banking sector operated with a profit of EUR 211.2 million in the first seven months of 2014, reports LETA, referring to operative information provided by the Financial and Capital Market Commission.
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In July, 15 banks and four foreign subsidiaries operated with a profit in Latvia; their market share in assets – 95.7%.
The total amount of assets in July, as compared to June, increased by 2.3%, reaching about EUR 29 billion at the end of July.
The total amount of credit portfolio increased by 0.7%, while non-resident credit balance – 7.4%. Meanwhile, resident corporate credit and resident household portfolios continued to reduce – by 0.4 and 0.3% respectively.
The amount of deposits in the Latvian banking sector grew 2%, amounting to EUR 400 billion in July. Deposits of residents grew 0.4%, whereas the deposits of non-residents increased 3.8%.
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