OREANDA-NEWS. April 29, 2013. According to preliminary data, unaudited net profit earned over the first quarter of the year 2013 by AB SEB bankas is LTL 44.0 million (EUR 12.7 million) and by AB SEB bankas Group is LTL 38.7 million (EUR 11.2 million). The result has been calculated in accordance with the requirements set by the acts of the Bank of Lithuania and legal acts of the Republic of Lithuania.

Over the first quarter of the year 2012, unaudited net profit earned by AB SEB bankas totalled LTL 30.7 million (EUR 8.9 million) and by AB SEB bankas Group – LTL 41.5 million (EUR 12.0 million).

Comment by President of SEB Bank in Lithuania Raimondas Kvedaras:

In 1Q 2013, Lithuania’s economic standing were strengthening further, and the expectations of both private individuals and companies were improving. The envisaged growth of the country’s economy, a recovery in investment activities of companies and an improvement in the financial standing of households form an environment that is moderately in favour of the development of the banking sector activities.

Over 1Q 2013, the SEB Bank Group’s operating profit before provisions increased by ?, operating costs were decreasing, and the bank group’s income grew as a result of an increase in customer activity.

As before, the bank group’s key priority will be strengthening of long-term customer relationship. In 1Q 2013, we issued new loans to companies and private individuals worth LTL 1.2 billion, which is a 43 per cent increase year on year.

SEB Bank Group’s key data:

As of 31 March 2013, the SEB Bank Group’s equity was worth LTL 2.44 billion (LTL 2.38 billion yoy), which is a 2.5 per cent increase.

As of 31 March 2013, the SEB Bank Group’s assets were LTL 23.26 billion (LTL 25.62 billion yoy), which is a 9.2 per cent decrease.

Since 31 March 2012, SEB Bank’s deposit portfolio decreased by 1.7 per cent, i.e. from LTL 12.01 billion to LTL 11.80 billion.

As of 31 March 2013, the SEB Bank Group’s deposit and leasing portfolio was worth LTL 18.05 billion in total (LTL 18.41 billion yoy), which is a 1.9 per cent decrease.

The amount of new loans (extended agreements excluded) issued by the SEB Bank Group over 1Q 2013 was LTL 1.22 billion, which is a 42.9 per cent increase yoy.

Income earned by the SEB Bank Group in 1Q 2013 was LTL 129.2 million (LTL 127.7 million yoy), which is a 1.2 per cent increase.

As of 31 March 2013, SEB Bank financial group’s liquidity ratio was 35.12 per cent, the standard requirement being 30 per cent.

The number of registered users of SEB Bank’s Internet Bank increased up to 1.08 million, i.e. by 5 per cent as compared to relevant data as at the close of 1Q 2012, when it was 1.01 million.

The number of users of the bank’s mobile phone services increased up to 518 thousand, i.e. by 12.6 per cent as compared to the data as at the close of 1Q 2012, when it was 460 thousand.

Over a relevant period, an increase in the number of payment transactions executed via the Internet was 9.5 per cent, that in the turnover of payment cards was 5 per cent, and an increase in the number of POS terminals was 7 per cent.

At the close of 1Q 2013, SEB Bank had 46 sub-branches all over Lithuania. SEB Bank customers have access to an ATM network which is the largest one in Lithuania and includes ATMs of SEB and DNB banks, i.e. 529 ATMs in 82 cities and towns.