As of March 31, 2024, the total assets of monetary financial institutions amounted to EUR 28.308 billion, which is 6% or EUR 1.603 billion more than at the end of March 2023, when the assets of monetary financial institutions amounted to EUR 26.705 billion.
At the end of March this year, the balance of loans granted to residents of Latvian monetary financial institutions was 13.613 billion euros, which is 2.6% more than a year ago.
Among them, Latvian monetary financial institutions had issued EUR 13.533 billion in loans to residents, which is 2.6% more than a year ago, while the balance of foreign currency loans was EUR 79.9 million, which is 2.2% more.
Deposits from residents stood at EUR 18.449 billion at the end of March, up 2.3% from a year earlier.
Deposits in the euro were 17.268 billion euros and in foreign currencies 1.18 billion euros. The amount of deposits raised in the euro has increased by 3.2% compared to the end of March 2023, while the amount of deposits raised in foreign currency has decreased by 8.5%.
The capital and reserves of Latvian monetary financial institutions amounted to EUR 3.39 billion at the end of March, which is 4.8% more than at the end of March 2023.
In the first three months of 2023, monetary financial institutions worked with profits of 141.4 million euros, while in 2023 monetary financial institutions had profits of 573.5 million euros in total, up 75.8% from 2022.
Monetary financial institutions are credit institutions and financial corporations that accept deposits from clients other than monetary financial institutions and grant credits and invest in securities on their account.
