Tuesday, June 10, 2014

Structure of bank assets in Latvia

Structure of bank assets as of Q1 2014 in Latvia (source)
Loans - 53.4%
Due from credit institutions - 21.4%
Securities - 13.8%
Cash and deposits with the Bank of Latvia - 8.7%
Fixed assets and intangible assets - 0.6%
Other assets - 2.1%

Loans
In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment.

Securities
A security is a tradable financial asset of any kind.
Securities categorization:

  • debt securities, (e.g., banknotes, bonds and debentures)
  • equity securities, (e.g., common stocks)
  • derivative securities, (e.g., forwards, futures, options and swaps).
Fixed assets
Fixed assets, also known as "tangible assets" or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash.

Monday, June 9, 2014

Automated Teller Machine (ATM) in Latvia

ATM

A machine, activated by a magnetically encoded card or other medium, that can process a variety of banking transactions. These include accepting deposits and loan payments, providing withdrawals, and transferring funds between accounts.


ATM's in Latvia


As of 2014 there are 1154 active ATM's in Latvia.[1] Latvia's 1,99[2] million inhabitants hold 2385 bank payment cards.

Biggest bank ATM's locations

Swedbank: link
SEB: link
Citadele: link
DNB Nord: link
Nordea: link (Latvian)