Operating results of Latvian banks
Summary Q4 2019

Assets stabilized at EUR 23 billion

Total assets of Latvian banks were EUR 23.20 billion as of December 31, 2019.

The assets increased by EUR 0.25 billion or 1% in the 4th quarter of 2019, the increase was 0.33 billion EUR during the year 2019.

The assets were EUR 31.9 billion at the end of 2015, it had negative trend since 2016. Main reasons for assets’ decrease were the changes in business strategies and business models, optimization of capital expenses, as well as the license withdrawal of ABLV Bank.

Equity at EUR 2.67 billion

Total capital decreased by EUR 0.16 billion or 6% in the 4th quarter of 2019, thus the total amount decreased by EUR 0.19 billion during the 2019. It most material impact was attributed to the net loss of insolvent AS PNB Bank.

Loan portfolio amounts 13.47 billion EUR

The loan portfolio decreased by EUR 0.45 billion or 3% in the 4th quarter of 2019. The total decrease was EUR 0.09 billion or 0.7% in 12 months of 2019. Main decrease was in loans to corporates. The corporates amount to 60% of the total loan portfolio.

Loans to individauls increased by EUR 0.12 billion or 2% in 2019.

Eight banks had loan portfolio increase in 2019.

Deposit volume increases

Total deposits of the Latvian banking sector were EUR 17.21 billion as of December 31, 2019.

The portfolio has increased by EUR 0.65 billion or 4% in the 4th quarter of 2019, and the value increased by EUR 0.87 billion or 5% since the beginning of 2019. Deposits of individuals continue to increase; they increased by 10.5% since the beginning of 2019. They make 54% of total deposits portfolio.

Short-term deposits make 80% from total deposit volume, remaining 20% are long-term deposits.

Not-audited net profit of Latvian banking sector in 12 months 2019 reached EUR 119 million

Total profit of banks in Latvia in 12 months 2019 was by EUR 175 million or 59% smaller compared to the results of 12 months 2018. It was affected by net loss of insolvent AS PNB Banka in 2019.


Data source of banking industry: the Bank of Latvia, monthly reports of monetary financial institutions in Latvia.

 

2011 

Indices of bank activities in the 4’th quarter of 2011

2010 

Indices of bank activities in the 4’th quarter of 2010

2009 

Indices of bank activities in the 4’th quarter of 2009

2008 

Indices of bank activities in the 4’th quarter of 2008

2007 

Indices of bank activities in the 4’th quarter of 2007

2006 

Indices of bank activities in the 4’th quarter of 2006

2005 

Indices of bank activities in the 4’th quarter of 2005

2004 

Indices of bank activities in the 4’th quarter of 2004

2003 

Indices of bank activities in the 4’th quarter of 2003



Payment cards 

Results of previous periods

2019

31.12.2019.

30.09.2019.

30.06.2019

31.03.2019

 

Pension funds

Members

Associate members