OREANDA-NEWS. On November 06, 2008 the Board of the Bank of Lithuania extended a permission to AB DnB NORD Bankas Bankas (company code 112029270, VAT payer code LT120292716, registered office at J. Basanaviciaus St.26, Vilnius, the data is collected and stored at the Register of Legal Entities) to include 90 percent of the retained audited profit of the first half of the current year into the Tier I capital of AB DnB NORD Bankas and the AB DnB NORD Bankas' group, reported the press-centre of AB DnB NORD Bankas.

In the first six months of 2008 AB DnB NORD Bankas earned an audited net profit of LTL 68.6 million (EUR 19.9 million). AB DnB NORD Bankas group earned an audited net profit of LTL 68.7 million (EUR 19.9 million) in the first six months of 2008.

The inclusion of the current year's audited retained earnings will strengthen the capital of AB DnB NORD Bankas and shall facilitate implementation of operating plans and maintain higher than required capital adequacy ratio by the bank and the group.