Banks, Financial Services, Latvia, Loan
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 19:46
New lending less active in Latvia in H1
New loans were made available to residents in the amount of EUR 371 million in the first quarter of 2014, including EUR 290 million for companies and EUR 53 million for household mortgages. Meanwhile, non-resident loans totaled EUR 299 million in the first quarter of 2014, the majority of which were short-term loans.
New resident loans in the amount of EUR 333 million became available in the second quarter of 2014, including EUR 239 million for non-financial companies, EUR 62 million - for mortgages. Non-resident loans in the amount of EUR 415 million were issued in the second quarter of 2014, the majority of which were short-term loans.
The total credit portfolio continued to reduce this year. FCMC indicates that in the second quarter of 2014, the loan portfolio reduced by 1.4%, including 0.2% reduction in resident corporate loans, 1.7% fall in household loans, and 5.3% fall in non-resident loans.