Banks shake off Snoras bankruptcy

  • 2012-04-26
  • From wire reports
VILNIUS - As of Jan. 1, 2012, the assets of operating banks in Lithuania amounted to 79 billion litas (22.8 billion euros), a decline of 3.3 percent, or 2.7 billion litas, over the year, the bank of Lithuania said in a statement based on audited data, reports LETA.After excluding the factor of the now-bankrupt Bankas Snoras, the annual growth of assets is 6.6 percent, or almost 5 billion litas. After the years 2009 and 2010, when banks suffered losses, in 2011 banks earned profit of 1.1 billion litas (in 2010, they suffered a loss of 276.2 million litas).The profit earned last ye...
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