The number of banks in Latvia fluctuated considerably from December 2008 to December 2021. After the reclassification of credit unions to credit institutions saw the total number jump in 2013 to 63, the number of credit institutions in Latvia has decreased to 49 as of the end of 2021.
Number of banks in Latvia from December 2008 to December 2021
*The source adds additional information: "The reclassification of credit unions as credit institutions in Latvia resulted in a significant increase in the overall number of credit institutions in 2013". Monetary financial institutions (credit institutions) data are based on ECB Structural Financial Indicators and ECB monetary financial institution (MFI) statistics.
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ECB. (April 11, 2022). Number of banks in Latvia from December 2008 to December 2021 [Graph]. In Statista. Retrieved July 05, 2022, from https://www.statista.com/statistics/350629/eurozone-latvia-number-mfi-credit-institutions/
ECB. "Number of banks in Latvia from December 2008 to December 2021." Chart. April 11, 2022. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/350629/eurozone-latvia-number-mfi-credit-institutions/
ECB. (2022). Number of banks in Latvia from December 2008 to December 2021. Statista. Statista Inc.. Accessed: July 05, 2022. https://www.statista.com/statistics/350629/eurozone-latvia-number-mfi-credit-institutions/
ECB. "Number of Banks in Latvia from December 2008 to December 2021." Statista, Statista Inc., 11 Apr 2022, https://www.statista.com/statistics/350629/eurozone-latvia-number-mfi-credit-institutions/
ECB, Number of banks in Latvia from December 2008 to December 2021 Statista, https://www.statista.com/statistics/350629/eurozone-latvia-number-mfi-credit-institutions/ (last visited July 05, 2022)
