Swedbank, SEB earn lion's share of banking profit in Lithuania

  • 2019-12-19
The majority of commercial banks and foreign bank branches were profitable this year, with two thirds of the total profit of 271.859 million euros earned by Swedbank and SEB, the latest figures from the central Bank of Lithuania show. Banks' total profit inched down by 1.3 percent, or 3.537 million euros. Nine banks and foreign bank branches were profitable and 6 incurred losses. Swedbank posted 95.088 million euros in consolidate profit January-September this year, accounting for 35 percent of the total banking profit, up 7.2 percent from the same ...
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