OREANDA-NEWS. January 29, 2007. Unaudited net profit of UAB Medicinos Bankas in 2007 was 5,54 million litas, i.e. increased by 56,7 percent in comparison with 2006 when the Bank earned 3,54 million litas net profit, reported the press-centre of Bank of Medicinos Bankas.

Medicinos Bankas assets increased by 66 percent during the year, and on 31 December 2007 it was 708,26 million litas compared to 426,59 million litas in the end of 2006. Loan portfolio of bank customers at the same time increased by 51,3 percent up to 447,35 million litas in comparison with 295,71 million litas on 31 December 2006. Customer deposits and credits increased by 73,3 percent – up to 404,50 million litas in comparison with 233,45 million litas at the end of 2006.

"The perfect financial results of the last year represent the important quality and quantity changes achieved by consistent and intense efforts of all the team", said Gintaras Treinys, the Administration Manager Deputy of Medicinos Bankas.

Medicinos Bankas in 2007 opened one new branch in Vilnius, and four customer service divisions in Taurage, Kaunas, Joniskis and Ukmerge. Now the Bank customers are served in 10 branches and 35 divisions. In addition, the Bank owns 51 currency exchange unit. All divisions of Medicinos Bankas operating at the border of the country already accept payments for road tax payment slips by Euro Shell, UTA and DKV international payment cards.

"Investment in the development of custom service network showed an obvious return therefore we will keep with its rates this year as well", Mr Treinys says. "During the first half of 2008 four more customer service divisions will be opened."

Medicinos Bankas, consulted by the experts of Finance and Management School of Germany, Frankfurt, in 2008 intends to install modern and advanced information technologies ensuring speedy service of customers and quality management of processes and risks. One third of the Bank employees in 2007 upgraded their qualification in systematically organized planned trainings in the Bank, and the qualification upgrade courses initiated by the Lithuanian Business Employers Confederation.