Follow Latvia investment immigration and stay updated on Latvia's economic trends: The Financial and Capital Market Commission of Latvia disclosed that in the first 11 months of 2014, the Latvian banking system recorded a profit of 301 million euros, a year-on-year increase of 14.8%.
In November 2014, 13 Latvian banks and 3 branches of foreign banks in Latvia were profitable, accounting for 82.6% of the total number of banks. During that month, total deposits in the Latvian banking system increased by 1.5%, with deposits from Latvian residents totaling 62.4 million euros and non-resident deposits totaling 257.7 million euros. As of the end of November, the total assets of Latvian banks reached 30 billion euros.
