Latvian monetary financial institutions (mainly banks) earned a profit of 324.9 million euros in the first ten months of this year, which is 29.6% less compared to the same period in 2024, according to published data from the Bank of Latvia, reports LETA.
In October, monetary financial institutions earned a profit of 30.4 million euros.
As of October 31, 2025, the assets of monetary financial institutions amounted to 30.523 billion euros, which is 4.4% or 1.294 billion euros more than at the end of October 2024, when their volume was 29.229 billion euros.
At the end of October, the outstanding loans issued to residents by Latvian monetary financial institutions amounted to 15.57 billion euros, which is 9.2% more than a year earlier. This includes loans in euros issued to residents totaling 15.492 billion euros (an increase of 9.3%), and in foreign currency amounting to 78.2 million euros (an increase of 4.8%).
The balance of deposits attracted from residents at the end of October 2025 amounted to 20.297 billion euros, which is 7.5% more than a year ago. This includes deposits in euros totaling 19.035 billion euros, and in foreign currency amounting to 1.261 billion euros. The volume of deposits in euros increased by 8.2% compared to the corresponding period last year, while in foreign currency it decreased by 2.2%.
The capital and reserves of Latvian monetary financial institutions at the end of October amounted to 3.535 billion euros, which is 2.2% less than at the end of October 2024.
In 2024, the profit of monetary financial institutions amounted to 521.5 million euros, which is 8.6% less than in 2023, including for the first ten months of last year – 461.8 million euros.
Monetary financial institutions are credit institutions and financial companies that accept deposits from clients who are not monetary financial institutions, as well as issue loans and invest in securities on their own behalf.
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