Latvian monetary financial institutions (MFIs), mainly banks, worked with a profit of 48.8 million euros in January this year, which is 6% less than in the corresponding period of 2023, according to the information released by the Bank of Latvia.
The total amount of assets of monetary financial institutions on January 31, 2024 was 27.811 billion euros, which is 4.6% or 1.217 billion euros more than at the end of January 2023, when the assets of monetary financial institutions were 26.593 billion euros.
At the end of January 2024, the balance of loans issued to residents of Latvian monetary financial institutions was 13.558 billion euros, which is 2.2% more than a year ago. Among them, Latvian monetary financial institutions issued 13.49 billion euros in loans to residents in euros, which is 2.3% more than a year ago, while the balance of loans issued in foreign currency was 68.6 million euros, which is 15.4% less.
The balance of deposits attracted from residents at the end of January was 18.193 billion euros, which is 2.2% more than a year ago. Among them, deposits in euros were in the amount of 17.091 billion euros, and in foreign currencies – in the amount of 1.102 billion euros. Compared to the end of January 2023, the amount of deposits in euro has increased by 3.7%, while the amount of deposits in foreign currency has decreased by 16.8%.
On the other hand, the capital and reserves of Latvian monetary financial institutions at the end of January were 3.672 billion euros, which is 12.4% more than at the end of January 2023.
In 2023, the profit of monetary financial institutions was 573.5 million euros, which is 75.8% more than in 2022, including 51.9 million euros in January.
Monetary financial institutions are credit institutions and financial companies that accept deposits from clients who are not monetary financial institutions, as well as grant loans and invest in securities at their own expense.
2024-02-28 16:16:28
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