Banking sector's profit at LVL 38 million in Q1

"Latvijas Krajbanka" losses excluded, the sector's profit reached LVL 48 million by end-March. 16 Latvian banks and six foreign banks' branches operated with profit; their total share of the banking sector's assets - 92.6 percent.

The sector's profit before provisions and taxes totaled LVL 70.2 million at end-March, 50.4 percent more than in the respective period of 2011. Capital adequacy ratio was 18.1 percent at the end of March, liquidity ratio - 63.2 percent.

The total amount deposits attracted by banks reduced 0.4 percent or LVL 39.7 million in March.

Raivis Spalvēns, Nozare.lv