Operating Results of Commercial Banks in Latvia: Summary of 3rd quarter 2017

Significant capital growth in the 3rd quarter

Total capital of the Latvian banking sector reached EUR 3.2 billion as of 30th September 2017. Total capital significantly increased in the 3rd quarter 2017 compared to the previous quarter; the increase was EUR +0.3 billion or 11%. It was mostly influenced by the rise of DNB Bank’s capital, which increased by EUR 0.2 billion in the 3rd quarter 2017.

Total portfolio of issued loans is stable since 2014

The portfolio of issued loans by Latvian banking sector was EUR 14.5 billion as of 30th September 2017. The number is relatively constant since 2014; it fluctuates around EUR 14.5-15.0 billion.

Generated profit of Latvian banking sector was positive in 2017

Total profit of commercial banks in Latvia was EUR 244 million in 9 months 2017. It was by EUR -130 million or -35% lower compared to the result of 9 months 2016.

TOP 5 most profitable banks in 9 months 2017:

  1. Swedbank – EUR 69 million
  2. ABLV Bank – EUR 41 million
  3. SEB Bank – EUR 31 million
  4. Rietumu bank – EUR 21 million
  5. DNB Bank – EUR 19 million.

TOP 5 banks generated 74% from the total profit of Latvian banking sector in 9 months 2017.

Total assets of commercial banks have been decreasing since 2016

Total assets of Latvian commercial banks were EUR 27.5 billion as of 30th September 2017. The value of assets has declined by EUR -4.4 billion or -14% since the beginning of 2016. The decrease of the assets’ value was EUR -1.3 billion or -5% in the 3rd quarter 2017 compared to the 2nd quarter 2017.

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

 

Members

Associate members