In total, the banking sector in the first seven months of 2017 operated at a profit of €197.9 million. During the period, 15 Latvian banks and four branches of foreign banks operated at a profit (their market share in total banking sector assets was 98.3%).
In July, total deposits of the banking sector shrank by 1.6% or €334.8 million.
Domestic customer deposits decreased by 0.6% or €76.2 million, while foreign customer deposits (also known as non-resident deposits, though FKTK dislikes the term) grew by 3.1% or €258.6 million.
At the end of July, the total deposits in Latvian banks amounted to 20 billion euros.
In July, the total loan portfolio increased by 0.1% or €18.5 million. Loans to domestic enterprises grew by 0.6%, or € 43.6 million, while the domestic loan portfolio decreased by 0.1% or €5.2 million, while loans to foreign customers shrank by 0.8% or €17.3 million. At the end of July, the total loan portfolio totaled €15 billion.