OREANDA-NEWS. On April 10, 2008 Ukio bankas has been approved as a member on the NASDAQ OMX Baltic Market stock exchanges in Riga and Tallinn. Being already a member at the Vilnius Stock Exchange, the bank has become the 24th pan-Baltic member, reported the press-centre of Ukio bankas.

“Working in stock exchanges of all three Baltic countries we will offer new opportunities to our clients. They will have direct access to Baltic equity and bond markets and enjoy faster transfers,” said director of Ukio bankas Financial Brokerage Department Ruta Kalasinskaite-Kiskiene.

Ukio bankas will trade on the NASDAQ OMX Baltic Market under the trading code UKB. The NASDAQ OMX Baltic Market stock exchanges have 41 members altogether.

Last year Ukio bankas shares were some of the most liquid in the Vilnius Stock Exchange and were noted for the exceptional growth in turnover. Compared to the year 2006, the turnover grew by 80 percent and achieved the top amount of almost LTL 470 million.

Last year’s audited and shareholder approved net profit of Ukio bankas amounted to LTL 82,72 million, that is 75 percent higher compared to LTL 47,38 million earned in 2006. During the year 2007 the Bank’s assets grew by LTL 994 million, i. e. by 33 percent, and by the end of the year amounted to LTL 4 billion. At the end of 2007 Ukio bankas was ranked as the fifth bank in Lithuania by the capital value and the seventh bank by managed assets. The Bank operates a network of 12 branches and 43 client service units throughout the country.