Industry data
Operating results of Latvian banks
Summary Q3 2019
Assets – EUR 23 billion
Total assets of Latvian commercial banks were EUR 23.0 billion as of September 30, 2019.
The value increased by EUR 0.3 billion or 1% in the 3rd quarter of 2019.
The value of total assets was EUR 31.9 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.
However, the value of gross assets has stabilized at the level of EUR 22.6-23.0 billion in 2019.
Equity EUR 2.82 billion
Total capital increased by EUR 0.06 billion or 2% in the 3rd quarter of 2019, but the value decreased by EUR 0.03 billion or 0.5% since the beginning of 2019.
Total equity of the Latvian banking sector is stable at the level of EUR 2.80 billion in 2019.
Total loan portfolio increases
Total portfolio was EUR 13.9 billion as of September 30, 2019.
The value increased by EUR 0.01 billion or 0.5% in the 3rd quarter of 2019. Loan portfolio increased by EUR 0.35 billion or 2.5% in 9 months of 2019. The portfolio increased four quarters in a row; the increase was observed in private and corporate segments.
Deposits portfolio stabilized
Total deposits of the Latvian banking sector were EUR 16.6 billion as of September 30, 2019.
The portfolio has decreased by EUR 0.07 billion or 0.4% in the 3rd quarter 2019, but the value increased by EUR 0.22 billion or 1% since the beginning of 2019.
Deposits of private persons continue to increase; the increase is 5.5% in 2019. They make 54% of total deposits portfolio.
Not-audited net profit of Latvian banking sector in 9 months 2019 reached EUR 198 million
Total profit of banks in Latvia in 9 months 2019 was by EUR 34 million or 15% smaller compared to the results of 9 months 2018.
TOP 5 most profitable Finance Latvia Association member banks in 9 months 2019:
- Swedbank – EUR 83.3 million;
- SEB banka – EUR 37.7 million;
- Citadele banka – EUR 32.1 million;
- Luminor Bank Latvia branch – EUR 15.9 million;
- LPB Bank – EUR 4.9 million.
Bank results, 3rd quarter 2019
Detailed results of Latvian commercial banks, 3rd 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