OREANDA-NEWS. August 16, 2012. In the first half of this year, the pre-tax profit of Danske Bank in Lithuania from banking activities, including leasing services provided by the subsidiary UAB Danske Lizingas, was LTL 60 million. In 2010, the profit before tax from banking activities was LTL 2 million. In the same period last year, the profit before tax was LTL 36 million. In the first half of this year, the profit from banking activities before provisions totalled LTL 23 million (the result of the same period last year was LTL 21 million), reported the press-centre of Danske Bankas. 

In the first half of 2012, the pre-tax profit of Danske Bank A/S Lithuania Branch was LTL 61 million. In the same period last year, this figure was LTL 36 million.

"The financial results of Danske Bankas of the first half of the year demonstrate that the quality of the bank's portfolio is improving. The current positive business expectations in the market resulted in the growth of our customer portfolio and in the achievement of goods results. In the second half of the year, we will continue to implement our strategy and will seek to raise trust among customers even further," Gintautas Galvanauskas, director general of Danske Bankas, said.

The deposit portfolio of Danske Bankas decreased 9 % and the loan portfolio decreased 6 % compared to the same period last year. On 30 June 2012, the loan-to-deposit ratio was 70 %.

On 30 June 2012, the share of Danske Bankas in the Lithuanian loan market was 7.0 %.

Danske Bank A/S in Lithuania provides banking services and is also engaged in the fields of asset management (Danske Capital) and financial markets (Danske Markets Lithuania).