OREANDA-NEWS. February 19, 2008. Unaudited net profit of AB Ukio bankas group for the year 2007 is LTL 75,4 million – i. e. by 73 percent more than in 2006. Unaudited unconsolidated profit of Ukio bankas reached LTL 82,5 million in 2007, leasing subsidiaries earned net profit of LTL 2,7 million, other subsidiaries had loss of LTL 9,9 million, mainly because of the subsidiaries’ expenses related to the financing of the investment to real estate of Moscow project, reported the press-centre of Ukio bankas.

„Ukio bankas last year reached highest profit in its history. Leasing company Ukio banko lizingas also showed very successful results, further establishing itself as one of the leaders of the consumer leasing market“, – Edita Karpaviciene, Chairwoman of Ukio bankas, says.

Based on unaudited data, assets of AB Ukio bankas group increased by LTL 1,11 billion i. e. by 35 percent during 2007 and amounted to LTL 4,32 billion as of 31 December 2007. Net loans and leases to customers portfolio of AB Ukio bankas group increased 2,2 times during 2007 and amounted to LTL 2,14 billion at the year-end.

The share of loans and leases to customers portfolio in group’s assets increased from 31 percent to 50 percent during the year. Main sources of asset growth were: customers’ deposits, which increased by 29 percent during 2007 up to LTL 2,73 billion, funds from banks and other financial institutions, which increased by 23 percent up to LTL 0,73 billion, subordinated loans, which increased by LTL 93 million up to LTL 102 million and shareholders’ equity, which increased by 33 percent up to LTL 515 million, mainly because of the new stock emission issued and profit earned in 2007.

Ukio bankas group companies include Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Turto valdymo strategija, Turto valdymo sistemos, Turto valdymo sprendimai, Russkij Karavaj, Ukio bank lizing.