OREANDA-NEWS. October 06, 2010. AB Bank SNORAS deposit portfolio of companies and residents grew by LTL 867 million or almost by 18 per cent during the first eight months this year. It is even a three times faster growth than that of the entire market, whose growth within the corresponding period did not reach 6 per cent. The total AB Bank SNORAS deposit portfolio comprised LTL 5,722 billion according to the data as of 31st August, reported the press-centre of Bank SNORAS.

"Trust of the current and new clients, attractive savings conditions as well as offer of the products satisfying the needs allowed us to achieve the constant growth of the deposit portfolio, which exceeds the market increase tempos even by three times this year. The greatest impact on the growth this year has been made by the new corporate clients attracted through the constant and active efforts," says Zorzas Sarafanovicius, the deputy chairman of AB bank SNORAS Board, the director of Retail Business Division.

During the first eight months this year, Bank SNORAS has attracted almost 2 thousand new corporate clients, while their total number reaches 18 thousand. The companies' deposit portfolio in the bank increased by LTL 562 million or even by 45 per cent within the corresponding period, whereas the market grew by 14 per cent. Presently the corporate clients' deposit portfolio in Bank SNORAS exceeds LTL 1.8 billion. During the first eight months this year, the portfolio of the loans granted by the bank to companies has grown by LTL 581 million or by 28 per cent and reached almost LTL 2.7 billion.

Within the aforementioned period, the residents' time deposit portfolio in AB Bank SNORAS increased by LTL 305 million or almost by 9 per cent. The total time deposit portfolio of the bank's private clients exceeds LTL 3.9 billion.

According to the total deposit portfolio Bank SNORAS occupies almost 14 per cent of the Lithuanian deposit market, while this year's growth permits to gain a foothold in the third position even more among all the banks nationwide.

Bank SNORAS constantly offers some of the most favourable saving conditions on the market. Presently the annual interest for the time deposit in AB Bank SNORAS amounts up to 5.5 per cent in Litas, up to 3.5 per cent in Euros and British pounds, and up to 2 per cent in USA dollars.
Currently AB Bank SNORAS provides its services to the total of more than 1 million 132 thousand clients.