Banks, Financial Services, Latvia
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DNB Group in Latvia posts EUR 14.8 mln in 9-month profit
BC, Riga, 23.10.2014.
Print version
Print versionIn the first nine months of the year, DNB Group in Latvia posted EUR 14.8 million in profit, which is 3.7 times more when compared to the same period last year, cites LETA/Nozare.lv.
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The amount of operating income by the DNB Group in Latvia amounted EUR 31.2 million in the first nine months of this year.
The amount of deposits is stable, and at the end of the third quarter, they reached EUR 1.05 billion. The local funding ratio was at 65% which achieved the expected funding composition.
The net loan portfolio of DNB Group in Latvia comprised EUR 1.6 billion at the end of September, which is by EUR 100 million less when compared to the same period last year.
The bank explains that clients are gradually paying back their loans, and that demand for new loans is relatively low, thus the whole banking sector is seeing a reduction in the loan portfolio.
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