The cost-to-income ratio of the Latvian banking industry fluctuated significantly between 2014 and 2024. The ratio, which measures a bank's operating costs relative to its income, peaked at 69.3 percent in the second quarter of 2020, suggesting a period of relatively high expenses. After declining to its lowest ratio in the third quarter of 2023 at 34.5 percent, it experienced a steady rise, reaching 41.45 percent in the second quarter of 2024.
Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024
Characteristic
Cost-to-income ratio
Q2 2024
41.45%
Q1 2024
40.25%
Q4 2023
35.16%
Q3 2023
34.5%
Q2 2023
34.04%
Q1 2023
33.24%
Q4 2022
47.06%
Q3 2022
50.95%
Q2 2022
53.94%
Q1 2022
51.69%
Q4 2021
58.5%
Q3 2021
59.23%
Q2 2021
58.49%
Q1 2021
63.13%
Q4 2020
64.54%
Q3 2020
66.26%
Q2 2020
69.3%
Q1 2020
66.4%
Q4 2019
62.44%
Q3 2019
60.61%
Q2 2019
63.66%
Q1 2019
61.19%
Q4 2018
61.27%
Q3 2018
59.83%
Q2 2018
67.79%
Q1 2018
64.46%
Q4 2017
58.44%
Q3 2017
55.92%
Q2 2017
56.22%
Q1 2017
54.75%
Q4 2016
47.77%
Q3 2016
45.41%
Q2 2016
44.11%
Q1 2016
51.91%
Q4 2015
51.19%
Q3 2015
49.14%
Q2 2015
50.02%
Q1 2015
50.94%
Q4 2014
51.45%
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Data refers to domestic banking groups and stand alone banks, foreign (EU and non-EU) controlled subsidiaries and foreign (EU and non-EU) controlled branches.
Figures are rounded.
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ECB. (October 31, 2024). Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024." Chart. October 31, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/
ECB. (2024). Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income Ratio of The Banking Industry in Latvia from 4th Quarter 2014 to 2nd Quarter 2024." Statista, Statista Inc., 31 Oct 2024, https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/
ECB, Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024 Statista, https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/ (last visited December 19, 2024)
Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 2nd quarter 2024 [Graph], ECB, October 31, 2024. [Online]. Available: https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/
