OREANDA-NEWS. October 31, 2007. During nine months of 2007 Ukio bankas Group earned LTL 61,5 million in non-audited net profit, which is two times more compared to the same period of 2006 (LTL 31,0 million), reported the press-centre of Ukio bankas.

During nine months of 2007 Ukio bankas earned LTL 68,3 million and its leasing subsidiaries received LTL 0,7 million in non-audited net profit, while the remaining subsidiaries sustained the loss of LTL 7,5 million the major portion of which was predetermined by expenses related to financing of investment in the building under construction in Moscow.

“Ukio bankas continues rapidly growing and this is the result of our efforts and investment in the attraction and service of the clients. Ukio banko lizingas also shows excellent performance, continues to rapidly expand its activities and has established itself as one of the market leaders in the field of consumer leasing,” Edita Karpaviciene, chairwoman of Ukio bankas Board, said.

During the nine-month period of 2007 the assets of Ukio bankas Group surged by LTL 1,05 billion or 33 percent and totalled LTL 4,25 billion on 30 September 2007. During the first 3 quarters of 2007 the deposit and LC portfolio of Ukio bankas Group rose by 30 percent, from LTL 2,11 billion to 2,75 billion, and the Group’s portfolio of lease and loans to clients in the net value jumped by 94 percent up to LTL 1,93 billion during nine months of 2007.

Ukio bankas owns a 100 percent interest in the companies Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Turto valdymo strategija, Turto valdymo sistemos and Turto valdymo sprendimai. During the reporting period the company Turto valdymo strategija owned a 75 percent shareholding in AAB Russkij Karavaj. A 100 percent interest in RAB Ukio bank lizing is owned by UAB Ukio banko lizingas.