Operating results of Latvian banks
Summary Q2 2021

The value of assets exceeds EUR 25 billion

Total assets of Latvian commercial banks were EUR 25.45 billion as of June 30, 2021. Assets decreased by 1% or EUR 0.19 billion in the 2nd quarter 2021, but they increased by 9% or EUR 2.14 billion in the last 12 months period.

The value of assets exceeded EUR 25 billion in 2021 and reached the largest value since 2018.

The value of total assets was EUR 31.94 billion at the end of 2015, it had negative trend since 2016. Main reasons for assets’ decrease were the change of strategy for some of the universal banks, change of business models for specialized financial service providers, optimization of capital expenses, as well as the license withdrawal of ABLV Bank. The value has decreased by 20% or EUR 6.49 billion since 2015.

 

Total equity continues to increase and reaches the largest value since 2018

Total equity was EUR 3.03 billion as of June 30, 2021. Total capital increased by 2% or EUR 0.07 billion in the 2nd quarter 2021.

Equity value increased by 9% or EUR 0.25 billion in the last 12 months period.

The largest capital value was reached in 2015, it was EUR 3.33 billion. Since then total capital has decreased by 9% or EUR 0.30 billion.

Loan portfolio EUR 13.86 billion

The loan portfolio decreased by 1% or EUR 0.12 billion in the 2nd quarter 2021, but it increased by 5% or EUR 0.68 billion in the last 12 months period.

Main increase was observed in the segment of the loans to companies, they increased by 6% in the last 12 months. Loans to companies make 59% of total loan portfolio. Loans to private persons increased by 3% in the last 12 months period and reached EUR 5.44 billion.

Total loan portfolio was in the range of EUR 13.0-14.0 billion in the last three years period.

Largest deposit volume since the end of 2017

Total deposits of the Latvian banking sector were EUR 19.58 billion as of June 30, 2021. The value has not changed significantly in the 2nd quarter 2021.
Deposits increased by 13% or EUR 2.21 billion in the last 12 months period.

The increase was observed in deposits of corporate customers and private persons. Deposits of corporate customers increased by 16% and deposits of private persons increased by 13% in the last 12 months period. Deposits of private persons make 56% of total deposits portfolio.

Short-term deposits make 88% from total deposit volume, remaining 12% are long-term deposits.

Not-audited net profit of Latvian banking sector in 6 months 2021 reached EUR 129 million

Total profit of banks in Latvia in 6 months 2021 increased by EUR 81 million compared to the results of 6 months 2020.

TOP 5 most profitable Finance Latvia Association member banks in 6 months 2021:

1. SEB banka – EUR 42.6 million;
2. Swedbank – EUR 39.2 million;
3. Citadele banka – EUR 15.9 million;
4. LPB Bank – EUR 2.5 million;
5. Regionala Investiciju Banka – EUR 1.2 million.

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

Bank results, 2nd quarter 2021

• Banks’ Assets
• Banks’ Capital and Reserves
• Banks’ profit/loss
• Bank Deposits
• Bank Deposits breakdown by Term and Customer Type
• Banks’ Issued Loans
• Loans breakdown by Customer type
  
  

Payment Cards Statistics, 2nd quarter 2021

• Payment Cards Statistics
• Payment Card Transaction Statistics During the Quarter
• Payment cards, ATMs and number of points of sale with an availability to withdraw cash
  
  

Detailed results of Latvian commercial banks, 2nd quarter 2021

• Gross Assets
• Capital
• Profit
• Issued Loans
• Deposits
• Assets under management and administration
• Financial Ratios

Financial ratios, 2nd quarter 2021

General data, 2nd quarter 2021

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Payment cards 

Results of previous periods

2019

31.12.2019.

30.09.2019.

30.06.2019

31.03.2019

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Pension funds