Banks, Financial Services, Lithuania

International Internet Magazine. Baltic States news & analytics Wednesday, 23.05.2018, 23:33

Ukio bank’s unaudited net loss made EUR 12.9 mln H1

Danuta Pavilenene, BC, Vilnius, 03.08.2012.Print version
According to the unaudited data for the first half of 2012, the profit before provisions and taxes of Ukio bankas Group amounted to LTL 12.5 million (EUR 3.6 million), 2.8 times more year-on-year, Ukio bankas press service reports.

Because of the provision expenses, Ukio bankas Group activity result for H1, 2012 is a net loss of LTL 43.4 million (EUR 12.6 million), Ukio bankas activity result is a net loss of LTL 44.6 million (EUR 12.9 million), writes LETA.


Ukio bankas and Ukio bankas Group constantly complied with all prudential requirements with a significant cushion. As at 30 June 2012, capital adequacy ratio of Ukio bankas Group was 13.52%, liquidity ratio – 36.21%.


Ukio bankas efforts to strengthen the customers' loyalty to the bank have given positive results: in the second quarter of 2012 the growing tendencies of number of customers, deposits and assets were recorded.


"We expect that good terms and conditions of services, competitive offers and services of the bank will lead to further strengthening of current customers' loyalty and to the raise of new customers," Arnas Zalys, the Head of Finance division of Ukio bankas, said.


Apart from Ukio bankas, Ukio bankas Group holds the subsidiaries Ukio banko lizingas, Ukio banko investicijų 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. This year Ukio bankas has opened new client service units in Kaunas old town and Palanga center, two more units (in Kaunas and Mazeikiai) were relocated to more convenient locations for customers. Ukio bankas actively cooperates with business enterprises and farmers by rendering relevant financial solutions and offers. Particularly high attention is devoted to the SMEs and companies operating in the country regions.


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