New Market Study Published: Latvia Commercial Banking Report Q4 2012
BMI View: In spite of some promising signs of improved profitability and higher capital adequacy ratios in the Latvian banking sector, we expect the recovery from the 2009 downturn to be only gradual. This is predicated on our expectation that a challenging macroeconomic backdrop coupled with a bias towards de-leveraging will keep demand for credit weak. Meanwhile, a loss of faith in the sector will keep the deposit base under pressure at least through 2012. Latvia's banking sector remains in...
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