Total loan portfolio was 13.8 billion EUR as of June 30, 2019. The value increased by EUR 0.3 billion or +2% in the first 6 months of 2019. The loan portfolio has been growing for three quarters now. The increase is observed in both private and corporate segments.
Capital at EUR 2.8 billion
Total capital decreased by EUR -0.1 billion or -3% in the first 6 months of 2019. It decreased by EUR -0.3 billion or -10% over 12 months. The decrease in total capital was mainly affected by the license withdrawal of ABLV Bank AS and optimization of capital expenses.
Total assets of the banking sector were 22.6 billion as of June 30, 2019. Thus, the value of assets stabilized in the first 6 months of 2019, and the decrease was only 1% compared to the end of 2018.
It should be noted that the value of banks’ gross assets has been gradually decreasing since 2016. Main reasons for total assets’ decrease are the change of banks’ operational strategy and business models, optimization of capital expenses as well as the license withdrawal of ABLV Bank.
An increase has been observed in the deposits portfolio of private persons. Deposits of private persons make up 54% of the total deposits portfolio.
Total deposits in banks were EUR 16.6 billion as of June 30, 2019. The portfolio stabilized in the second quarter 2019. There was an increase in the deposits portfolio of private persons.
TOP 5 most profitable Finance Latvia Association member banks in the first 6 months of 2019:
Total profit of banks in the first 6 months of 2019 was by EUR 6 million or 5% smaller compared to the results of the first 6 months of 2018.
General data, 2nd quarter 2019
Payment cards data, 2nd quarter 2019
Financial ratios, 2nd quarter 2019
Performance indicators of banks, 2nd quarter 201