Five banks were operating at last year ‘s losses and Seven with a profit, Including Sweden ‘s largest bank and SEB bank, as well as BlueOrange Bank, LPB Bank and Rigensis Bank. Data are not available for the Latvian branch of Luminor Bank.
Deposits with Latvian banks increased by 5% or 0.92 billion euros in the fourth quarter of this year and reached 18.66 billion euros, which is the largest amount of deposits since 2017, according to the Latvian Financial Association. Over the last twelve months, deposits have increased by 8% or 1.45 billion euros.
At the end of the fourth quarter of 2020, the largest deposits were in Swedenbank (5.85 billion euros), SEB banka (3.51 billion euros), Citadel (3.45 billion euros), Luminor banka branch (2.89 billion euros) and Blue Orange (0.54 billion). euro) billion).
The largest increase in corporate deposits was observed. Last year, it increased by 0.98 billion euros and reached 42% of all bank deposits in Latvia.
The total capital of the banking sector reached 2.93 billion euros at the end of the fourth quarter and has increased by 10% or 0.26 billion euros in the last twelve months. In the fourth quarter of 2020, the bank’s capital increased by 2% or 0.05 billion euros.
The association’s data also show that loans issued by the banking sector last year amounted to 12.95 billion euros. In the fourth quarter of 2020, the loan portfolio decreased by 3% or 0.34 billion euros. Over the last twelve months, the loan portfolio has shrunk by 4% or 0.52 billion euros.
–
