Bank tier 1 capital reached 1.88 LVL bil in 2019 in Latvia, according to the National Central Bank. This is 23.6 % less than in the previous year.
Historically, bank tier 1 capital in Latvia reached an all time high of 2.82 LVL bil in 2015 and an all time low of LVL bil in. When compared to Latvia's main peers, bank tier 1 capital in Belarus amounted to 87,766 BYR bil, 1.65 LTL bil in Lithuania and 8,225 RUB bil in Russia in 2019.
Latvia has been ranked 92nd within the group of 98 countries we follow in terms of bank tier 1 capital, 25 places behind the position seen 10 years ago.
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.