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Latvia Banking & Financial Services Report Q4 2017

Latvia Banking & Financial Services Report Q4 2017

BMI View:

Latvia has a relatively small financial services industry by EU and even Nordic regionstandards, with development stymied over the last decade by the country's deep recession and more recentlyby a number of scandals that has damaged the credibility of local banks and the regulatory authorities.

Nonetheless, efforts to upgrade the legal framework, in line with EU standards, on top of the country'sentrance into the Eurozone in 2014 has laid a solid platform for growth over the forecast period. Thisexpansion will occur across the different sectors, though outside of banking the levels of marketpenetrations will remain very low in the coming years.

Latvia's banking sector is modest in scale but well-developed. The strong presence of major Nordic bankinggroups has supported stability during a long downturn, and should provide a solid platform for growth inline with a broader economic recovery. The regulatory framework has been comprehensively upgraded andmeets EU standards, though more must be done to tackle money laundering and several local banks muststill repair the reputational damage caused by recent scandals.


BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Latvia 2015-2020)
Table: Financial Services Forecasts (Latvia 2021-2026)
SWOT
Banking & Financial Services
Banking
Banking Snapshot
Forecast Scenario
Table: Key Banking Forecasts (Latvia 2015-2021)
Forecast Tables
Table: Assets Forecasts (Latvia 2015-2020)
Table: Assets Forecasts (Latvia 2021-2026)
Table: Liabilities Forecasts (Latvia 2015-2020)
Table: Liabilities Forecasts (Latvia 2021-2026)
Table: Key Ratios Forecasts (Latvia 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, EURmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings & Profitability
Table: Top 10 Banks - Capital & Leverage
Table: Top 10 Banks - Funding & Liquidity
Regulatory Environment
Insurance
Insurance Snapshot
Table: Gross Insurance Premiums Written (Latvia 2015-2020)
Table: Gross Insurance Premiums Written (Latvia 2021-2026)
Competitive Landscape
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Table: Top 10 Latvian Companies On Baltic Regulated Market By Market Capitalisation (August 2017)
Regulatory Environment
Macroeconomic Overview
Economic Growth Outlook
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Latvia 2016-2026)
Household Income Forecasts
Table: Household Income Data (Latvia 2015-2021)
Demographic Forecast
Table: Population Headline Indicators (Latvia 1990-2025)
Table: Key Population Ratios (Latvia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Latvia 1990-2025)
Table: Population By Age Group (Latvia 1990-2025)
Table: Population By Age Group % (Latvia 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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