Quarterly ROE of the banking industry in Latvia 2014-2023
Between 2014 and 2023, the return on equity (ROE) of the banking industry in Latvia increased overall, despite periodic fluctuations. A notable drop in the ROE occurred in the second quarter of 2020 due to weak economic conditions caused by the COVID-19 pandemic. After this sharp decline, the ROE grew notably in the following quarters. In the second quarter of 2023, the ROE of the banking industry in Latvia stood at 25.8 percent.