Banks, Financial Services, Lithuania
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Friday, 19.04.2024, 04:19
Profit of Lithuania's Siauliu Bankas down 26 % to EUR 15.2 mln in Q1 y-o-y
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The banking group posted 13.434 mln euros in net profit in
January-March this year, which is an annual decline by 24.2%, Siauliu Bankas said in its financial
statement for the first three months of 2017.
The group's net revenue from interest declined by 5.1 % to
14.158 mln euros in the first quarter y-o-y, while net revenue from services
and commission went up by 13.4 % to 2.528 mln euros.
Assets of the Siauliu
Bankas group gained 1.5% to 1.89 bln euros in the end of March, while
assents of the bank alone grew by 2.1% to 1.861 bln euros.
The group's loan portfolio, which makes the bulk of the
assets, declined by 0.9 % to 945.358 mln euros in the first quarter of 2017 y-o-y,
while the deposit portfolio grew by 2.7% to 1.536 bln euros.
Siauliu Bankas is
quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.
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