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Latvian banks overcome crisis

Aug 05, 1999
By Anastasia Styopina

RIGA - Latvia's banking system has overcome the effects of the Russian crisis and has shown positive development tendencies, claims Latvian Commercial Banking Association President Todors Tverijons."The positive tendency in the banking sector is absolutely clear, and we can put a full stop to the negative influence of the Russian crisis," Tverijons said.In the first half of the year, banks' assets have totaled 1.82 billion lats ($3.08 billion), which is a 1.4 percent increase over the 1998 figur ...

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