Latvian banking industry provisions for bad loans grew 0.5 percentage point to 11.6 percent from the previous month, the country’s banking regulator said in an e- mailed statement today.
Provisions for bad loans grew to 1.53 billion lati ($2.91 billion) in January, according to the statement. The Latvian banking sector had a loss of 1.7 million lati in January on Krajbanka, it said.
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