1st half-year Šiaulių Bankas’s net profit is LTL 3,330 million

2005-07-13

1st half-year Šiaulių Bankas’s net profit is LTL 3,330 million

2004 06 302004 12 31 2005 06 30*
Assets 638,8 704,4 840,7
Credits (net value)  397,4 415,7 537,1
Deposits and letters of credit 442 517,5 644,3
Net profit 2,511 6,513 3,330

*Data is not audited
The first half of this year was successful to the bank. All major financing indicators of the banking activities grew rapidly.
In comparison with  1st half-year of 2004 the bank has earned 32,6 per cent of net profit more.
During 1st half of this year the Bank’s assets increased by 19,3 per cent and reached LTL 840,7 million (Last year at the same time assets grew by 11,6 per cent). Credit net value portfolio grew especialy rapidly – during 1st half of this year it increased by 29,2 per cent to LTL 537,1 million. (Last year at the same time the portfolio grew by 27,3 per cent). Deposits and letters of credit rose by 24,5 per cent to LTL 644,3 million (Last year –  by 10,7 per cent).
During 2005 the bank is planning to earn net profit of LTL 7,8 million, i.e. by 20 per cent more than last year.