VILNIUS - During the first
half of 2008 Ukio Bankas earned LTL 50.6 million (14.5m euros) in non-audited net
profit, a modest 1.6 percent rise compared to the same period of 2007
(LTL 49.8 million), the bank announced on July 10.
"The first half-year result shows that we can seek and set ambitious
annual targets. Next half-year we will actively work in developing the
existing and creating new banking services by paying still greater
attention to client service quality and expanding the network of our
territorial sub-divisions all over Lithuania," Edita KarpaviÄienÄ—,
chairwoman of the Ukio bankas board, said in a company statement.
During the first six months of 2008 Ukio's assets grew
by LTL 205 million or 5 percent and at the end of the period amounted
to LTL 4.22 billion (1.2bn euros). The bank's loan portfolio 13 percent (net) from LTL 2.36 billion to LTL 2.68 billion.
Perhaps most encouraging of all, the number of the bank's active
clients jumped by 10,900, showing a 9 percent increase.
