Banks, Financial Services, Lithuania

The unaudited result of Siauliu Bankas amounted to LTL 32.9 million (EUR 9.5 million). The Bank's net profit reached LTL 8 million (EUR 2.3 million) during the comparable period a year ago, Siauliu Bankas announced in a statement.

The Bank granted more than LTL 600 million (EUR 173.7 million) in loans to its customers over the nine months of the year. Over the third quarter the Group's loan portfolio grew by LTL 71 million (EUR 20.6 million) and at the end of September of 2014 comprised LTL 2.4 billion (EUR 695 million). This growth has been achieved despite the disposed problem loans.

The Bank Group's income from the net service and commission fee has been further growing – the third quarter brought a 13% increase in comparison to the second one while over the period of nine months the net service and commission fee grew by 15% – up to LTL 12.5 million (EUR 3.6 million). Increased customer activity had a positive impact not only on the net service and commission fee received by the Bank's Group, but also on the result gained from the foreign currency operations – almost LTL 3.4 million (EUR 984 thousand) was earned in this area during the third quarter.