OREANDA-NEWS. According to preliminary data, unaudited net profit earned over the three quarters of the year 2013 by AB SEB bankas is LTL 159.4 million (EUR 46.2 million) and by AB SEB bankas Group - LTL 167.5 million (EUR 48.5 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 three quarters of the year 2012, unaudited net profit earned by AB SEB bankas totaled LTL 103.1 million (EUR 29.9million) and by the Bank's Group - LTL 137.0 million (EUR 39.7 million).

Comment by President of AB SEB Bankas in Lithuania Raimondas Kvedaras:

Macroeconomic environment remains stable for sustainable development of the banking services. In respective of a lower pace of Lithuania's export growth in this year, revitalisation of the internal market was observed. Favorable conditions for consumption growth and for improvement of public expectations are created, however further development trends will depend on the euro zone recovery pace and on ability to eliminate tension in trading relationship with Russia.

More stable financial standing of enterprises and private individuals gave us more possibilities to finance promising corporate projects and to provide more loans to the public. Within the period of nine months of this year, the SEB Bank Group has issued new loans worth LTL 3.7 billion, or more by one-fourth, compared with the equivalent period a year ago.

Volume of different banking services used by the private individuals and corporate customers continued to grow, as compared with same period of the previous year, the bank's income within the period of nine month of 2013 grew by 6 per cent.

The bank sough to find new opportunities for its clients to more conveniently use the banking services at self-service zones, i.e., the bank continued to introduce new self-service zones, developed the services via the Internet, by mobile phone and payment cards. The above enabled us to improve our operational efficiency, i.e., as compared with the result for three quarters of the previous year, the SEB Bank Group's costs decreased by 12 per cent.

Our strategy remains unchanged - we are going to continue strengthening our relations with existing customers by offering the best financial solutions to those who have selected SEB as their home bank.