OREANDA-NEWS. May 07, 2010. Ukio bankas Group announced the unaudited result for Q1 2010 – a net profit of LTL1.5 million. AB Ukio bankas unconsolidated unaudited profit for Q1 2010 was LTL 0.6 million, reported the press-centre of Ukio bankas Group.    

ofitable performance of Ukio bankas and the Group resulted from successful trading and lower expense of special provisions,” said Ukio bankas Board Chairman Gintaras Ugianskis.

During the first quarter of 2010 Ukio bankas Group assets grew by 11 percent and at the end of the quarter amounted to LTL 4.75 billion. In Q1 2010 deposits of Ukio bankas clients increased by 10 percent and by the end of the quarter reached LTL 3.64 billion. The net value of loan portfolio increased by 3 percent and by the end of the quarter reached LTL 2.48 billion. The ratio of special provisions to loans at the end of Q1 2010 was 7.8 percent showing no big change during the quarter.

In addition to Ukio bankas Ukio bankas Group owns subsidiaries Ukio banko lizingas, Ukio banko investiciju valdymas, Ukio banko rizikos kapitalo valdymas, Investicinio turto valdymas, Bonum Publicum. UAB Ukio banko rizikos kapitalo valdymas owns 100 percent of RAB Ukio bank lizing shares.