OREANDA-NEWS. November 11, 2010. According to unaudited data, Ukio bankas Group earned LTL 2.9 million in net profit in the nine months of 2010. Unaudited unconsolidated profit of AB Ukio bankas nine months 2010 amounted to LTL 1.5 million, reported the press-centre of Ukio bankas.

“Improvement of the main profitability tendencies of Ukio bankas Group activity of the 3rd Quarter this year in comparison to the 2nd Quarter keep on optimistic moods, the biggest influence on which had rapidly growing net interest income: number of private and corporate clients and transactions executed by them grew”, Gintaras Ugianskis, chairman of Ukio bankas Board, said. “The bank feels recovering trends of Lithuania’s economy, sees demand for banking services among the companies belonging to certain economic sectors. That is why some economic sectors of the country were begun to be credited more intensely and from the begging of the year a portfolio of loans granted by Ukio bankas Group has increased.

Chairman of Ukio bankas Board said, that looking to the perspective, high unemployment, solvency of residents, decreasing consumption inside the country and financial state of small and medium companies oriented to the said sector does not contribute to optimistic moods.

During the period of January- September 2010 assets of Ukio bankas Group increased by 15 percent and at the end of September amounted to LTL 4. 95 billion. Net value of client loans portfolio increased by 9 percent during 9 months and 30th September 2010 amounted to LTL 2.64 billion. Within the period Ukio bankas Group clients’ deposits rose by 10 percent and at the end of the term totaled LTL 3 .65 billion.

Ukio bankas Group owns Ukio bankas and subsidiaries: Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Investicinis turto valdymas, Bonum publicum, Turto valdymo paslaugos, Trade Project. UAB Ukio banko rizikos kapitalas owns 100 percent shares of RAB Ukio bank lizing.