Take note – story published 9 years and 10 months ago
Latvia's banking sector saw a modest 2.4% rise in deposits during May to bring the total amount of cash deposited with banks to nearly €20 billion according to information published Friday by the financial regulator, the Financial and Capital Markets Commission (FKTK).
The deposit base is split almost evenly between resident deposits (€10bn) and non-resident deposits (€9.6bn).
During the first five months the year, the banking sector as a whole operated with a profit of €151.8 million euros – an impressive 18.3% rise over the same period the previous year when Latvia was not yet a member of the eurozone.
In May, the banking sector's total assets amount compared to the previous month increased by 0.5% to stand at €28bn.
Select text and press Ctrl+Enter to send a suggested correction to the editor
Select text and press Report a mistake to send a suggested correction to the editor
