In 2019 Swedbank's audited profit was 98.148 million euros, which is a 11.7% decrease compared to 2018 profits (111.193 million euros). SEB Banka had the second largest profit at 47.17 million euros - a 2.8% decrease from 2018. Citadele came in third with profits of 38.976 million euros (18% decrease).
Rietumu Banka finished 2019 with profits of 18.431 million euros (14.2% decrease), while Luminor Bank's unaudited profits are shown as 11.487 million euros (3.8% decrease) by Finance Latvia Association data. Rigensis Bank posted a 7.077 million euro profit (doubling 2018 profits), LPB Bank earned 7.378 million euros in profits (93.9% increase), BlueOrange Bank's profits were 6.045 million euros (17.9% decrease), Regional Investment Bank's profits were 2.997 million euros (47.5% decrease), while Signet Bank increased profits 4.4 times reaching 744,000 euros.
Losses were posted by PrivatBank with a negative 6.9 million euro loss (5.7% increase), Industra Bank (formerly Meridian Trade Bank) operated with losses of 4.338 million euros, as opposed to the previous year's profits. Baltic International Bank's profit losses grew 62.1% at 3.161 million euros and Expobank posted losses of 757,000 euros, as opposed to making a profit in 2018.
