Latvia Economic and Fiscal Outlook

BANKING SECTOR PROFITABILITY STAYS ABOVE EU AVERAGE Profitability has recovered post pandemic and remains high compared to EU peers 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% Return on Assets 75% 70% Latvia 1.03% 65% 60% EU/EEA 55% Cost-to-income ratio 0.0% 50% 2019 2020 2021 2022 2019 2020 2021 2022 29 Data for Sweden and European Union (EU)/European Economic Area (EEA) are European Banking Authority (EBA) sample of largest institutions, for Latvia FINREP data of all institutions are used Source: Financial and Capital Market Commission, European Banking Authority(EBA) Risk Dashboard, Latvijas Banka calculations EU/EEA Latvia 56.8%

View entire presentation