OREANDA-NEWS. November 09, 2009. According to unaudited data, during three quarters of 2009 Ukio bankas Group earned LTL 6.4 million in net profit showing a 92 percent decrease compared to the respective period of 2008 when the net profit totalled LTL 83.8 million. Ukio bankas earned LTL 4.7 million in net profit, which is 95 percent less than during three quarters of the last year (LTL 89.4 million), reported the press-centre of Ukio Bankas. 

“We positively evaluate the three-quarter financial results of Ukio bankas Group. The current economic environment is not favourable for profitable activities of banks but even in an economically difficult period Ukio bankas Group earned some profit. A decrease in profit earned by the Group was for the most part predetermined by increased expenditures for special provisions, decreased net interest margin and lower activity of the clients,” Arnas Zalys, head of Ukio bankas Finance Division, said.

During three quarters of the year Ukio bankas Group assets grew by LTL 62 million (2 percent) and totalled LTL 4.0 billion at the end of September. Over three quarter of this year Ukio bankas Group client deposits increased by 0.4 percent and amounted to LTL 2.9 billion at the end of September. The portfolio of loans and leases to clients in the net value fell by 15 percent and totalled LTL 2.5 billion at the end of the period.

Presently, Ukio bankas Group consists of the following companies: Ukio bankas, Ukio banko lizingas, Ukio bank lizing, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Investicinio turto valdymas, and the life insurance company Bonum Publicum.

Ukio bankas owns a controlling interest of 100 percent in the companies Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Investicinis turto valdymas, and Bonum Publicum. Ukio banko lizingas owns 100 percent of shares of the company Ukio bank lizing in Ukraine.