The total volume of the loan portfolio of licensed non-bank lenders increased by 14.9%, or €181 million, last year, reaching €1.4 billion at the end of 2025, reported the head of the Consumer Rights Protection Center (CRPC) Zaiga Liepiņa and the director of the CRPC Consumer Rights Supervision Department Andis Prieditis to journalists on Monday.
Last year, non-bank lenders issued new loans totaling €1.003 billion, which is 23.6% (€191.61 million) more than in 2024. A total of 1.137 million new deals were made, which is 7.4% more than the previous year.
The number of remote loan deals in 2025 increased by 22%, while leasing deals grew by 20.3%. At the same time, the number of consumer loan deals decreased by 22.3%, mortgage loans by 22.8%, and loans secured by movable property by 10.4%.
At the same time, the amount of remote loans increased by 31.9%, leasing by 31.2%, while the amount of mortgage loans decreased by 12.8%. The decline also continued in consumer loans, decreasing by 15.9%.
In 2025, licensed consumer lenders issued loans for business purposes to legal and private individuals totaling €845.997 million, which is 9.2% more than in 2024. The number of loans increased by 10.3% over the year, reaching 18,148.
In particular, the amount of secured loans increased by 7%, the amount of leasing by 6.3%, the amount of factoring loans by 2%, while the amount of unsecured loans increased 2.4 times.
The number of secured loans decreased by 9.2%, the number of leasing deals increased by 14.3%, factoring deals decreased by 8.3%, while the number of unsecured loans doubled.
Representatives of the Consumer Rights Protection Center (CRPC) stated that the sectors of non-bank lenders and credit institutions are developing in parallel. The growth of the bank's consumer loan portfolio over five years amounted to €470.27 million, or 95.5%, while the growth of the remote and consumer loan portfolio of non-bank lenders over five years amounted to €489.58 million, or 2.7 times.
Prieditis explained that the significant difference in the growth of the loan portfolio can be attributed to the appetite for risk, as banks often have a lower risk appetite.
Liepiņa noted that the consumer lending market in Latvia is developing steadily and is orderly.
In the first half of 2025, the number of participants in the licensed consumer lending market in Latvia remained stable. There are 38 special permits, or licenses, for providing consumer lending services in the market. The number of remote loan issuers increased from 19 to 20, the number of consumer loan providers decreased from 11 to 10, while the number of mortgage loan providers increased from eight to nine.
The quality of the loan portfolio remained stable - as of December 31, 2025, 95.89% of loans had no delays or were delayed by up to 30 days.
