The total amount of assets of monetary financial institutions (MFIs) on December 31, 2023 was 27.874 billion euros, which is 3% or 818 million euros more than at the end of 2022, when the assets of monetary financial institutions were 27.056 billion euros.
At the end of 2023, the balance of loans issued to residents of Latvian monetary financial institutions was 13.61 billion euros, which is 1.6% more than a year ago.
Latvian monetary financial institutions issued 13.55 billion euros in loans to residents in euros, which is 1.8% more than a year ago, while the balance of loans issued in foreign currency was 60.1 million euros, which is 24.1% less.
The balance of deposits attracted from residents at the end of December was 18.231 billion euros, which is 1.3% more than a year ago.
Deposits in euros accounted for 17.12 billion euros, and in foreign currencies there were 1.111 billion euros of deposits. Compared to the end of 2022, the amount of deposits in euros has increased by 2.6%, while the amount of deposits in foreign currency has decreased by 14.8%.
On the other hand, the capital and reserves of Latvian monetary financial institutions at the end of last year were 3.618 billion euros, which is 12.6% more than at the end of 2022.
In 2022, the profit of monetary financial institutions was 326.3 million euros, which in turn was 26.5% more than in 2021.
Monetary financial institutions are credit institutions and financial companies that accept deposits from customers who are not monetary financial institutions, as well as grant loans and invest in securities at their own expense.
