OREANDA-NEWS. November 19, 2007. Latvian banks earned LVL 298 million in profit in the first ten months, according to provisional estimates.

This is LVL 96,4 million or 47,8 percent more than in the respective period of 2006.

As reported, Latvian banks' total profit in 2006 totaled LVL 266,6 million.

There are 21 banks and three foreign bank's branches operating in Latvia.