DOI: https://doi.org/10.18371/fcaptp.v2i15.25012

Latvian banks in the financial crisis conditions

В. Ролдугин

Abstract


The author analyzes the performance of Latvian banks with a view to finding a way out of the crisis. The rapid development of lending in the mid -2000s led to negative trends in the banking market . Many banks are enthusiastic demand for bank credit. They provide loans at floating rates, which subsequently rose sharply. This has undermined the solvency of borrowers , which affected the liquidity of the banks . It was due not only excessive liberalization of lending to businesses and households , but also the decline in the quality of prudential supervision of banks by bank regulatory authorities . In addition to the commission of the financial and capital , the successful development of the banking system depends largely on the activities of the central bank and the government . The successful development of the Latvian economy is largely dependent on the stability of commercial banks, which have accumulated in their accounts cash resources . So out of the financial crisis is directly related to how well the commercial banks will be able to overcome the financial difficulties and resume lending to businesses.


Keywords


financial crisis; the banking system; commercial banks; deposits; loans; interest rates; interest income

References


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ISSN (print) 2306-4994, ISSN (on-line) 2310-8770