Banks, Financial Services, Latvia
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Thursday, 25.04.2024, 16:27
Banks in Latvia earn EUR 239.7 mln in January-September
BC, Riga, 30.10.2014.
Print version
Print versionLatvian banks earned EUR 239.7 million in the first nine months of 2014, according to data provided by the Financial and Capital Market Commission, cites LETA.
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In September, 14 Latvian banks and three foreign bank branches, whose share of the total banking sector is 84.2%, were operating with profit.
The amount of deposits increased by 2% or EUR 420 million to a total of EUR 21 billion. Residents' deposits increased 0.4% or EUR 38 million. Non-residents' deposits increased 3.8% or EUR 381 million.
In September, the amount of bank loans issued to residents increased 0.1%, while the total banking sector's portfolio continued to decrease – by 0.2% in September, due to a 2.4% fall in the amount of loans issued to non-residents.
The total amount of banking sector's assets increased by 1.5% or EUR 434 million in September, reaching EUR 29.4 billion at the end of the month.
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