INFOGRAPHICS: Transformation of Latvian banking sector, Q4 2019, 04.02.2020

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In general, the transformation of Latvia’s banking business model is still ongoing. Both payments and deposits show a seasonal increase in the last quarter of the year, reflecting precisely the business cycle (over the year). Overall, the amount of foreign deposits with Latvian banks is stable, while changes in deposit structure still continue, with growing European Union (EU) member states’ deposits and decreasing deposit share of other countries than the EU, including CIS countries.


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