Latvian monetary financial institutions (MFIs), mainly banks, earned a profit of 56.6 million euros in the first two months of the current year, which is 12.8% less than in the same period of 2025, according to data from the Bank of Latvia.
In comparison, in the first two months of 2014, banks made a profit of 96 million euros.
As of February 28, 2026, the total assets of MFIs amounted to 32.2 billion euros, which is 8.1% (2.401 billion euros) more than at the end of February 2025, when the assets were 29.8 billion euros.
At the end of February, the outstanding loans issued to residents by MFIs amounted to 15.807 billion euros - an increase of 11.9% compared to the previous year. Of these, loans in euros reached 15.735 billion euros (+12.2%), while the volume of loans in foreign currency decreased to 71.4 million euros (-25.5%).
The volume of deposits attracted from residents at the end of February 2026 amounted to 21.305 billion euros, an increase of 9.2% compared to last year. Of these, deposits in euros amounted to 20.013 billion euros, and in foreign currency - 1.292 billion euros. The volume of deposits in euros grew by 9.7%, while deposits in foreign currency increased by 1.9%.
The capital and reserves of MFIs at the end of February amounted to 3.566 billion euros, which is 4.6% less than a year earlier.
In 2025, the profit of MFIs amounted to 341.7 million euros, which is 34.5% less than in 2024; including in the first two months of last year - 64.9 million euros.
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