Thursday, June 20, 2024

Last year, the profit of the banking sector in Latvia increased by 22% / article /


Five banks were operating with last year’s losses and Seven with benefit, Including Sweden’s largest bank and SEB bank, as well as BlueOrange Bank, LPB Bank and Rigensis Bank. No data is available for the Latvian branch of Luminor Bank.

Deposits with Latvian banks increased by 5% or 0.92 billion euros in the fourth quarter of this year and reached 18.66 billion euros, which is the highest amount of deposits since 2017, according to the Latvian Financial Association. In the last twelve months, deposits have increased by 8% or 1.45 billion euros.

At the end of the fourth quarter of 2020, the largest deposits were in Swedenbank (€ 5,850 million), SEB banka (€ 3,510 million), Citadel (€ 3,450 million), Luminor banka branch (€ 2,890 million) and Blue Orange (0.54 million euros). billion). Thousands million euros).

The largest increase was observed in corporate deposits. Last year, it increased by 0.980 million euros and reached 42% of all bank deposits in Latvia.

The total capital of the banking sector reached 2,930 million euros at the end of the fourth quarter and has increased 10% or 0.260 million euros in the last twelve months. In the fourth quarter of 2020, the bank’s capital increased by 2% or 0.05 billion euros.

The association’s data also shows that loans granted by the banking sector last year amounted to 12.95 billion euros. In the fourth quarter of 2020, the loan portfolio decreased by 3% or € 0.34 billion. In the last twelve months, the loan portfolio has been reduced by 4% or 0.520 million euros.

Did you see the error?

Select the text and touch Ctrl + Enter To send the suggested edition to the editor

Select the text and touch Report a bug To send the suggested correction to the editor

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

Share post:


More like this

Green Glamour: How to Achieve Eco-Friendly Acrylic Nails

In the vibrant world of beauty and nail care,...

The Future Of Horse Racing In The Digital Age  

Horse racing, a sport steeped in tradition and history,...

How to Sell CS:GO Skins for Real Money

CS:GO skins have become not just an ordinary design...

Decoding The Diversity: A Guide To Different Types Of Horse Races

Horse racing reaches 585 million households worldwide, enjoying immense...