The cost-to-income ratio of the Latvian banking industry fluctuated significantly between 2014 and 2023. 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 increased slightly to 35.16 percent in the fourth quarter of the same year.
Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 4th quarter 2023
Characteristic
Cost-to-income ratio
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. (June 13, 2024). Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 4th quarter 2023 [Graph]. In Statista. Retrieved July 22, 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 4th quarter 2023." Chart. June 13, 2024. Statista. Accessed July 22, 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 4th quarter 2023. Statista. Statista Inc.. Accessed: July 22, 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 4th Quarter 2023." Statista, Statista Inc., 13 Jun 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 4th quarter 2023 Statista, https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/ (last visited July 22, 2024)
Cost-to-income ratio of the banking industry in Latvia from 4th quarter 2014 to 4th quarter 2023 [Graph], ECB, June 13, 2024. [Online]. Available: https://www.statista.com/statistics/1428839/latvia-cost-to-income-ratio-banking-industry-quarterly/