Operating Results of Commercial Banks in Latvia: Summary of 1st quarter 2018

Equity decrease in the 1st quarter 2018

Total capital of the Latvian banking sector reached EUR 3.1 billion as of Mach 31, 2018. Total equity has decreased during the 1st quarter 2018; the decrease was EUR -0.1 billion or -3%. However total equity has increased in the last 12 months period, the increase was +0.1 billion EUR or +4%.

Total portfolio of issued loans has been decreasing since the beginning of 2017

The portfolio of issued loans by Latvian banking sector was EUR 14.3 billion as of March 31, 2018. The portfolio has decreased by -0.2 billion EUR or -1% in the 1st quarter 2018. The decrease was mainly observed at the segment of companies, which is explained by the change of the business model of some commercial banks. Total portfolio of issued loans has decreased by -0.9 billion EUR or -6% in the last 12 months period.

Deposits declined by -2.2 billion EUR in the 1st quarter 2018

Total deposits at Latvian banking sector were EUR 18.1 billion as of March 31, 2018. The portfolio has decreased by - 11% in the 1st quarter 2018. The decrease was mainly observed at the segment of companies. Total deposits at Latvian banking sector have been decreasing since 2016.

Net profit of Latvian banking sector in the 1st quarter 2018 reached 91 million EUR

Total profit of commercial banks in Latvia in the 1st quarter of 2018 was by EUR -14 million or -13% lower compared to the results of the 1st quarter of 2017.

 

TOP 3 most profitable banks in the 1st quarter 2018:

1. Swedbank – EUR 32 million;

2. Rietumu bank – EUR 16 million;

3. SEB bank – EUR 12 million.

 

Total assets of commercial banks have been decreasing since 2016

Total assets of Latvian commercial banks were EUR 25.7 billion as of March 31, 2018. The value of assets has declined by EUR -2.7 billion or -9% in the 1st quarter 2018 reaching the lowest value since 2007.

2011

Indices of bank activities in the 4’th quarter of 2011

2010

Indices of bank activities in the 4’th quarter of 2010

2009

Indices of bank activities in the 4’th quarter of 2009

2008

Indices of bank activities in the 4’th quarter of 2008

2007

Indices of bank activities in the 4’th quarter of 2007

2006

Indices of bank activities in the 4’th quarter of 2006

2005

Indices of bank activities in the 4’th quarter of 2005

2004

Indices of bank activities in the 4’th quarter of 2004

2003

Indices of bank activities in the 4’th quarter of 2003

Loans

 

 

 

Deposits

 

 

 

Channels

Customer service channels and number of users

  2012 2013 2014 2015 2016 2017, Q2
Total number of active customers 2292788 2310503 2272272 2265069 2237872 2182581
Natural persons 2107680 2111568 2069213 2056317 2038404 1992848
Legal entities 185108 198935 203059 208752 199468 189733
On-line banking users 1385167 1463330 1376850 1413914 1441124 1453143
Mobile application users - - - 172946 268956 364014
Number of customer service locations (branches, payment groups) 406 342 313 291 265 258
ATM machines 1270 1154 1068 1059 1018 1014
Number of payment cards 2381075 2369179 2304567 2318099 2303732 2245777
Locations of ATM acceptance 26869 29066 31121 35683 41613 43857

 

 

Payment cards

 
 
 
 

Results of previous periods

 

Members

 

Associate members