Banks, Deposits, Financial Services, Lithuania

International Internet Magazine. Baltic States news & analytics Tuesday, 21.11.2017, 06:18

Lithuanian banks' H1 profits soar to EUR 155 mln

BC, Vilnius, 12.09.2017.Print version
Lithuanian banks and foreign bank branches posted 155.4 million euros in combined profits for the first half of 2017, up 46.4% from 106.2 million euros in the same period last year, the central Bank of Lithuania said on Tuesday, cites LETA/BNS.

Eleven banks and foreign bank branches ended the first half with a profit and another two suffered losses.

 

The banking system's assets totaled 26.415 billion euros in late June, up 2.2% from a quarter ago and up by 10.6% year-on-year.

 

The combined loan portfolio (including leasing), which makes up the bulk of the assets, grew by 5.8% year-on-year to reach 18.624 billion euros at the end of the first half.

 

Loans to businesses increased by 5.1% to 8.836 billion euros, and loans to private individuals grew by 8.4% to 8.387 billion euros, with housing loans up by 8.2% to 6.65 billion euros.

 

Overall deposits rose by 11.2% over the year to 18.661 billion euros, with private individuals' deposits up by 7.3% to 11.212 billion euros.






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