OREANDA-NEWS. March 30, 2011. Ordinary general shareholders’ meting approved the financial statement of AB Ukio bankas and the Bank’s Group for 2010 and took a resolution to increase a statutory capital by supplementary contributions up to LTL 345 824 000 issuing new 50 million ordinary shares LTL 1 par value emission. Ukio bankas shareholders are granted the priority right to acquire shares of the new emission proportionally the shares owned by a shareholder at the end of the day of shareholders’ right accounting (tenth working day after the general shareholders’ meeting), reported the press-centre of Ukio Bankas.

„Ukio bankas regularly increases statutory capital therefore this year we plan to strengthen capital basis and this way to prepare for the further bank business development. A year 2010 was the year of turning-point, stepping out of crisis for the business and economy of the country. Certain stability occurs, basis for the growth of economy starts to develop”, – said Gintaras Ugianskis, the Chairman of the Board of Ukio bankas.

Net loss of Ukio bankas Group audited and approved by the shareholders amounted to LTL 33.5 million – 2.1 times less than within 2009 when it amounted to LTL 70.5 million. Ukio bankas Group’s assets increased by LTL 714 million in 2010, i.e. 17 percent and at the end of the year 2010 reached LTL 5 billion.

Ukio banko shareholders decided not to pay dividends, annual bonuses for the members of the Board and Supervisory Board of the Bank, not to assign funds for the bonuses of employees this year. The resolution is taken to execute transfer in the amount of LTL 39 840 from capital reserve to cover the annual loss.

2010 witnessed not only the decrease of loss but also the growth of the assets of the Bank and the Group and increase of the clients’ deposits. Deposits of Ukio bankas Group’s clients increased 18 percent from LTL 3.4 to 4 billion, portfolio of leasing and loans increased by 8 percent net value – up to LTL 2.6 billion.

Shares of Ukio bankas in 2010 as well as in 2009 were among the most liquid securities on the stock exchange NASDAQ OMX Vilnius. According to the trade turnover in the stock exchange NASDAQ OMX Vilnius, Ukio bankas shares were in the second place – turnover amounted to almost LTL 114 million at the end of 2010. The leading position was caused by high liquidity of Ukio bankas shares and high confidence of investors. In 2010 a price of Ukio bankas shares on the stock exchange NASDAQ OMX Vilnius increased almost by 24 percent. Ukio bankas capitalization exceeded LTL 388 million for 31 December 2010.

Ukio bankas increased number of its clients by 7 percent in 2010, at the end of the year it reached 166 thousand. 31st December 2010 service net of the Bank consisted of 59 territorial units – 12 branches and 47 client service units in 29 towns of the country.