Net profit of Šiaulių bankas – 4.420 mln. LTL

2004-01-28

Net profit of Šiaulių bankas – 4.420 mln. LTL

Year 2003 was successful for Šiaulių bankas – all of main ratios rapidly grew.

2002 12 31
(mln.LTL)
2003 12 31
(mln.LTL) *
Change
%
Assets 454,5 572,1 25,9
Loans (net value) 249,4 312,1 25,1
Deposits 291,6 399,3 36,9
Shareholders equity 47,1 56,1 19,1
Net profit 3,446 4,420 28,3

*Not audited

Share capital was increased to 48,343 mln. LTL. The Bank established six new client service centers and expanded its network to 39 subdivisions, active in 23 towns of Lithuania.
At the end of year 2003 the Bank had about 56 thousand clients, which is 37 % more then last year.

Financial results of the year 2003 comply with the plans of the Bank. Šiaulių bankas planned to increase assets up to 563,2 mln LTL, loan portfolio – up to 303,6 mln. LTL and deposits – up to 405,2 mln. LTL. Šiaulių bankas planned to gain 4,25 mln. LTL profit.