Latvian banks’ profit in the first quarter has fallen to 107.35 million euros / day

Bank interest income in the first three months of 2025 amounted to EUR 337,291 million, which is 12.6% less than in the first quarter of 2024, while interest expenses decreased by 6.7% to EUR 93,299 million.

In the first quarter of this year, the Banking Commission’s cash income was EUR 86.752 million, which is 5.4% more than in the first three months of 2024, while the Banking Commission’s cash expenditure increased by 8.8% to EUR 26.155 million.

At the end of March 2025, the banking sector was assets of a total of EUR 30.111 billion, which is 1.2% or EUR 379.465 million less than at the end of 2024, when the banking sector was asseted by EUR 30.491 billion.

For non -bank loans granted banks, the banks were € 16,846 billion at the end of March this year, which is 1.1% or EUR 185,636 million more than at the end of 2024.

Among them, the amount of loans granted to domestic customers at the end of March 2025 amounted to EUR 14.051 billion, which is 1.2% or EUR 168.273 million more than at the end of last year.

For domestic households, loans amounted to EUR 6.728 billion at the end of March this year, which is 1.6% or EUR 107.857 million more than at the end of 2024, while domestic non -financial companies amounted to EUR 6.835 billion, which is an increase of 1.3% or EUR 87.219 million. EUR 4.243 billion, which is 3.1% or EUR 127.693 million more than at the end of last year.

In their deposits, the banks had raised EUR 25,092 billion on March 31 this year, which is 1.8% or EUR 466,294 million less than at the end of 2024.

Among them, domestic customer deposits have decreased by 2.1% or EUR 437.633 million compared to the end of last year and at the end of March was EUR 20.624 billion.

Domestic household deposits increased by 0.9% or EUR 102.896 million in the first quarter of this year, with EUR 11.307 billion on March 31, 2025, while domestic non -financial companies have decreased by EUR 1.1% or EUR 89.838 million.

The Bank of Latvia’s data also shows that the market share of the five largest banks in assets at the end of March this year was 88.37% (88.28% at the end of 2024), 87% (87.46%) for non -bank customers and 90.02% (88.64%) in non -bank customer deposits.

In 2024, the total profit of the banking sector was EUR 569.533 million, including EUR 165,765 million in the first quarter of last year.