Lithuanian SEB bank's net profit doubles to €230mn
SEB Bank, one of Lithuania's largest banks, posted an unaudited net profit of €229.8 million for the first nine months of this year, double last year (€113.8 million), BNS, a Lithuanian newswire, reported on October 25.
"The bank's financial results were mainly affected by rising interest rates due to the ECB's monetary policy and a growing loan portfolio. The bank's revenue for the period stood at €408.1 million, with the majority of it – 68% - coming from corporate clients," SEB Bank CEO Sonata Gutauskaite-Bubneliene said in a statement.
SEB Bank will pay €51.4 million in solidarity levy to the state for the nine months.
The net value of SEB's loan and leasing portfolio stood at €6.9 billion at the end of September, compared to €6.6 billion a year earlier.
The bank's total deposit portfolio stood at €10.9 billion at the end of September, compared to €10 billion a year earlier.
SEB's assets were valued at €12.7 billion at the end of September, from €12 billion a year ago, and equity stood at €1.147 billion (€943 million), BNS said.
Signet Bank is mulling acquiring a decisive influence over LPB Bank, according to information published by the Latvian Competition Council, LETA, a Latvian newswire, reported on December 6.
The ... more
DelfinGroup nonbank lender has signed a €11 million credit facility agreement with Malta's Multitude Bank, LETA, a Latvian newswire, and BNS, a pan-Baltic newswire, reported on December 5.
Eight Lithuanian commercial banks and credit unions have paid €101.6mn, the so-called solidarity tax, a temporary levy on excess profits, the State Tax Inspectorate told BNS, a Lithuanians ... more
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