Number of banks reached 19.0 banks in 2019 in Latvia, according to the National Central Bank. This is 5.00 % less than in the previous year.
Historically, number of banks in Latvia reached an all time high of 62.0 banks in 1993 and an all time low of banks in. When compared to Latvia's main peers, number of banks in Belarus amounted to 27.0 banks, 16.0 banks in Estonia, 15.0 banks in Lithuania and 402 banks in Russia in 2019.
Latvia has been ranked 80th within the group of 140 countries we follow in terms of number of banks, 14 places behind the position seen 10 years ago.