Latvia's financial institutions report record €29.23 billion in assets for 2024
In October, monetary financial institutions made a profit of EUR 45.7 million.
The total assets of monetary financial institutions on 31 October 2024 amounted to EUR 29.23 billion, which is 8% or EUR 2.164 billion more than at the end of October 2023, when the assets of monetary financial institutions amounted to EUR 27.066 billion.
At the end of October this year, the balance of loans granted by Latvian MFIs to residents stood at EUR 14.254 billion, 4.1% more than a year ago. The balance of deposits attracted from residents stood at €18.876 billion at the end of October, up 7.9% on a year earlier.
In the first ten months of 2023, monetary financial institutions made a profit of €596.2 million, while in 2023 as a whole, monetary financial institutions made a profit of €573.5 million, 75.8% more than in 2022.
