Industry data
Operating results of Latvian banks
Summary Q3 2020
Assets reached the largest value since 2018
Total assets of Latvian commercial banks were EUR 23.91 billion as of September 30, 2020. It is the largest value in the last two years period.
The value increased by 3% or EUR 0.59 billion in the 3rd quarter 2020, and it increased by 4% or EUR 0.95 billion in the last 12 months period.
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 25% or EUR 8.03 billion since 2015.
Total equity has increased
Total equity was EUR 2.88 billion as of September 30, 2020. Total capital increased by 3% or EUR 0.10 billion in the 3rd quarter 2020.
Equity value increased by 8% or EUR 0.21 billion in the 9 months period of 2020.
The largest capital value was reached in 2015, it was EUR 3.33 billion. Since then total capital has decreased by 13% or EUR 0.45 billion.
Loan portfolio 13.29 billion EUR
The loan portfolio increased by 1% or EUR 0.11 billion in the 3rd quarter 2020, compared to the 2nd quarter 2020. However, the portfolio decreased by 4% or EUR 0.63 billion in the last 12 months period.
Main decrease was observed in the segment of the loans to companies. This segment makes 58% of total loan portfolio. Loans to private persons has not changed significantly in the last 12 months period, they are EUR 5.36 billion.
Total loan portfolio is in the range of EUR 13.0-14.0 billion in the last two years period.
Largest deposit volume in the last two years
Total deposits of the Latvian banking sector were EUR 17.74 billion as of September 30, 2020. The portfolio increased by 2% or EUR 0.37 billion in the 3rd quarter 2020 and reached the largest volume in the last two years period.
Deposits increased by 7% or EUR 1.19 billion in the last 12 months period.
Deposits of private persons continue to increase; they increased by 10% or EUR 0.92 billion in the last 12 months period. They make 56% of total deposits portfolio.
Short-term deposits make 84% from total deposit volume, remaining 16% are long-term deposits.
Not-audited net profit of Latvian banking sector in 9 months 2020 reached EUR 107 million
Total profit of banks in Latvia in 9 months 2020 decreased by 46% or EUR 91 million compared to the results of 9 months 2019.
TOP 5 most profitable Finance Latvia Association member banks in 9 months 2020:
1. Swedbank – EUR 59.9 million;
2. SEB banka – EUR 28.3 million;
3. Rigensis Bank – EUR 6.4 million;
4. LPB Bank – EUR 4.7 million;
5. BlueOrange Bank – EUR 3.0 million.
Data source of banking industry: the Bank of Latvia, monthly reports of monetary financial institutions in Latvia.
Statistics
3nd quarter 2020
Bank results, 3nd quarter 2020
Financial ratios, 3nd quarter 2020
Payment cards statistics, 3nd quarter 2020
Detailed results of Latvian commercial banks, 3nd quarter 2020
2nd quarter 2020
Bank results, 2nd quarter 2020
Financial ratios, 2nd quarter 2020
Payment cards statistics, 2nd quarter 2020
Detailed results of Latvian commercial banks, 2nd quarter 2020
1st quarter 2020
Bank results, 1st quarter 2020
Financial ratios, 1st quarter 2020
Payment cards statistics, 1st quarter 2020
Detailed results of Latvian commercial banks, 1st quarter 2020
1st quarter
Bank results, 1st quarter of 2019
Detailed results of Latvian commercial banks, 1st quarter of 2019
Financial ratios, 1st quarter of 2019
2nd quarter
General data, 2nd quarter 2019
Financial ratios, 2nd quarter 2019
Performance indicators of banks, 2nd quarter 2019
Bank results, 2nd quarter 2019
3rd quarter
Bank results, 3rd quarter 2019
Detailed results of Latvian commercial banks, 3rd quarter 2019
Financial ratios, 3rd quarter 2019
Payment cards statistics, 3rd quarter 2019
4th quarter
Bank results, 4th quarter 2019
Detailed results of Latvian commercial banks, 4th quarter 2019
Financial ratios, 4th quarter 2019
4th quarter
Bank results, 4th quarter of 2018
Detailed results of Latvian commercial banks, 4th quarter of 2018
Financial ratios, 4th quarter of 2018
General data, 4th quarter of 2018
3rd quarter
Bank results, 3rd quarter 2018
Detailed results of Latvian commercial banks, 3rd quarter 2018
Financial ratios, 3rd quarter 2018
2nd quarter
Description banks results, 2nd quarter 2018
Detailed results of Finance Latvia Association, 2nd quarter 2018
Financial ratios 2nd quarter 2018
Bank results, 2nd quarter 2018
Payment cards statistics, 2nd quarter 2018
General data, 2nd quarter 2018
1st quarter
Description banks results,1st quarter 2018
Detailed results of Finance Latvia Association, 1st quarter 2018
Financial Ratio, 1st quarter 2018
4th quarter
Operating Results of Commercial Banks in Latvia- Summary of 4th quarter 2017_info
Detailed results of Latvian commercial banks, 4th quarter 2017
Financial Ratio, 4th quartet 2017
Bank results, 4th quarter 2017
Payment card statistics, 4th quarter 2017
3rd quarter
Detailed results of Latvian commercial banks, 4th quarter 2017
Indices of bank activities in the 3’rd quarter of 2017
Indices of bank activities in the 2’nd quarter of 2017
Indices of bank activities in the 1’st quarter of 2017
Payment card statistics, 3rd quarter 2017
Operating Results of Commercial Banks in Latvia – Summary of 3rd quarter 2017
Detailed operating results of Latvian commercial banks, 3rd quarter 2017
Bank statistics 3rd quarter 2017
Indices of bank activities in the 4’th quarter of 2011
Indices of bank activities in the 4’th quarter of 2010
Indices of bank activities in the 4’th quarter of 2009
Indices of bank activities in the 4’th quarter of 2008
Indices of bank activities in the 4’th quarter of 2007
Indices of bank activities in the 4’th quarter of 2006
Indices of bank activities in the 4’th quarter of 2005
Indices of bank activities in the 4’th quarter of 2004
Indices of bank activities in the 4’th quarter of 2003