Retail loans reached 4.37 LVL bil in 2013 in Latvia, according to the National Central Bank. This is 7.42 % less than in the previous year.
Historically, retail loans in Latvia reached an all time high of 6.38 LVL bil in 2008 and an all time low of 0.021 LVL bil in 1996. When compared to Latvia's main peers, retail loans in Belarus amounted to 54,866 BYR bil, 6.91 EUR bil in Estonia, 22.8 LTL bil in Lithuania and 9,957 RUB bil in Russia in 2013.
Latvia has been ranked 60th within the group of 64 countries we follow in terms of retail loans, 9 places behind the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.