Latvian Credit Register shows 721,100 borrowers with outstanding liabilities in late 2017

RIGA - At the end of 2017, the Latvian Credit Register contained data on 721,100 borrowers with outstanding liabilities, up 0.7 percent from the end of 2016, reported the Bank of Latvia, which keeps the register.

In late 2017, the Credit Register contained records about 4.59 million liabilities (outstanding and repaid loans), including 1.17 outstanding liabilities and 3.42 million repaid loans.

In the fourth quarter of this year members of the Credit Register had added information about 124,062 new liabilities.

Out of the outstanding liabilities to the members of the Credit Register, 43.3 percent were consumer loans, 27.9 percent were payment card loans.

At the end of 2017, the Latvian Credit Register had 104 participants, including 16 credit institutions, five branches of foreign credit institutions, Latvian development financial institution Altum, 34 subsidiaries of banks (leasing and factoring companies), six insurers and 33 credit unions. The Credit Register also has nine participants with limited status.