OREANDA-NEWS. May 31, 2011. During the first three months of this year, Bank SNORAS increased the managed assets by more than LTL 0.5 billion – at the end of March 2011 it amounted to LTL 8.2 billion.  According to this indicator, Bank SNORAS occupied the fourth place in Lithuania. The Bank’s assets were mostly increased by the funds attracted during the new shares emission, the increased customer deposit portfolio and the successfully issued debt securities, reported the press-centre of Bank SNORAS.

As of the beginning of the year (till April), Bank SNORAS increased the managed assets by 7.1 per cent, although, according to the data of the Bank of Lithuania, the total managed assets portfolio of credit institutions operating in the country decreased by 2.2 per cent.

“The growing assets of the Bank as well as the capital which is consistently strengthened every year allow to react to market conditions more flexibly and to compete on the market of financial services more actively. The funds attracted during the new shares emission and the increasing deposit volumes allow the Bank to increase the scopes of its activity, while focusing on satisfying the customers' needs and on the diversified risk management,” says Naglis Stancikas, the First Vice President of Bank SNORAS.

The Bank's assets this year were mainly (by LTL 186,726 million) increased by the funds attracted during the new shares emission in March and April. In January-March of the current year, the Bank's customer deposit portfolio (including credit institutions) grew by LTL 262 million (3.9 per cent). The two bonds emissions that were distributed during this period, as well as the deposit certificates that were issued increased the Bank's debt securities portfolio by more than 32 per cent (LTL 65.7 million), up to LTL 270.9 million.