OREANDA-NEWS. November 09, 2007. Over the first 10 months of the year the assets of AB DnB NORD Bankas rose 34,8 percent and topped LTL 10 billion benchmark for the first time in the bank’s history, reported the press-centre of DnB NORD.

The assets of DnB NORD Bankas have doubled since the start of last year when the bank joined international DnB NORD financial group set up by Norway’s largest DnB NOR ASA bank and North Germany’s largest financial institution NORD/LB.

 “Such a rapid growth clearly indicates that individual customers and businesses trust and appreciate our services. At the same time it obliges us to act responsibly with the entrusted assets and to continue press hard on implementation of our business philosophy – sustainable success in banking today could be achieved only through prime focus on customer, continuous delivery of superior service quality provided by highly processional and dedicated staff,” – Werner Schilli, Chairman of Management Board and President of AB DnB NORD Bankas, said.

With major attention paid to service quality and decision making speed, the loan portfolio of AB DnB NORD Bankas rose to LTL 8,17 billion as at the end of October recording 47,5 percent growth year-on-year.

Taking into account rapid business expansion and profitability growth as well as ability to win the right sort of business in Lithuania’s booming economy, the international banking and finance magazine Euromoney ranked AB DnB NORD Bankas as the Best Bank in Lithuania this year.

AB DnB NORD Bankas is a universal commercial bank providing banking services to its private and corporate customers. In Lithuania AB DnB NORD Bankas runs three subsidiaries: asset management company DnB NORD Investiciju Valdymas, leasing arm DnB NORD Lizingas and real estate brokerage DnB NORD Bustas.