In March, monetary financial institutions worked on a profit of €54.3 million.
The total assets of monetary financial institutions amounted to €25,955 billion on 31 March 2023, up 5.4% or €1.318 billion more than at the end of March 2022, when the assets of monetary financial institutions stood at €24,637 billion.
At the end of March this year, the balance of loans granted to residents of Latvian monetary financial institutions was €13,261 billion, which is 6.3% more than a year ago. €13.182 billion was issued in loans, which is 6.7% more than a year ago, while the balance of loans issued in foreign currency was €78.5 million, which is 34.8% less.
Deposits from residents had a balance of €18,026 billion at the end of March, 8.1% more than a year ago. Including deposits, the euro was €16.735 billion and €1.29 billion in foreign currencies. Compared to the end of March 2022, the amount of deposits linked to the euro has increased by 7.8%, while the amount of deposits in foreign currency has increased by 12.7%.
Meanwhile, the capital and reserves of Latvia's monetary financial institutions stood at €3.196 billion at the end of March, up 6.2% more than at the end of March 2022.
In the first three months of last year, monetary financial institutions worked on a profit of €80 million, while in 2022, monetary financial institutions had a total profit of €326.3 million, 26.5% more than in 2021.
Monetary financial institutions are credit institutions and financial firms that accept deposits from clients who are not monetary financial institutions and, at their own expense, allocate credits and invest in securities.
