The total profit of Latvian banks and other financial institutions for the first quarter of 2018 was 127.4 million euros, which is 6.1% less than a year earlier.

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In April 2018 financial institutions of Latvia received 37.3 million euros. Assets of financial institutions to date amount to 24.186 billion euros. That’s 3.867 billion euro less than last year. So, in April 2017, the assets of financial enterprises amounted to 28.053 billion euros.

The balance of loans given to residents amounts to 12.307 billion euros, which is 3.6% less a year ago. The balance of deposits of residents is 11.562 billion euros – 4.9% more than in April 2017.

The capital and reserves of monetary financial institutions in late April amounted to 3.106 billion euros, which is 9.5% more than a year earlier.

The profit of monetary financial institutions for the first four months of 2018 amounted to 135.7 million euros.

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