OREANDA-NEWS.  November 01, 2012. According to the unaudited data for the nine months of 2012, the profit before provisions and taxes of Ukio bankas Group amounted to LTL 19.8 million (3.4 times more compared to the same period of 2011, when LTL 5.8 million was earned), the profit before provisions and taxes of Ukio bankas amounted to LTL 10.6 million (during the January-September of 2011 a loss of LTL 1.1 was incurred), reported the press-centre of Ukio Bankas.

Because of the provision expenses, Ukio bankas Group activity result for the nine months of 2012 is a net loss of LTL 44.1 million, Ukio bankas activity result is a net loss of LTL 47.8 million.

As at 30 September 2012 Ukio bankas and Ukio bankas Group complied with all prudential requirements: capital adequacy ratio of Ukio bankas Group was 13.31%, liquidity ratio – 36.45%.

“In the third quarter of this year compared with the second, we see some positive trends in the main activities of the bank: the income and profit before provisions and taxes of Ukio bankas Group has grown, number of customers of the bank has risen. However, the provision expenses lead to the loss-making activities.  The Bank intends to pay due attention to the asset quality improvement and the further increase of number of customers by offering them new service opportunities and attractive conditions of services - it will form the basis to improve financial performance” -  Arnas Zalys, the Chairman of the Board of Ukio bankas, said.

Apart from Ukio bankas, Ukio bankas Group holds the subsidiaries Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Investicinio turto valdymas, Bonum Publicum, Turto valdymo paslaugos, Trade Project, and Eastern Europe Development Fund. UAB Ukio banko rizikos kapitalo valdymas holds 100% stake in RAB Ukio bank lizing.

Ukio bankas is Lithuania’s first commercial bank providing reliable services via its own wide client service network, with nearly 60 units all over the country, for a third decade already. Ukio bankas actively cooperates with business enterprises by rendering relevant financial solutions and offers for them. Particularly high attention is devoted to the SMEs and companies operating in the country regions.