Swedbank Lithuania reported a 10.2% year-on-year decline in its first-half net profit, bringing it down to €175mn, according to a press release.
Inga Skisaker, Swedbank Lithuania's CEO, highlighted that the bank maintained high business financing volumes in the second quarter after becoming the largest business financier in Lithuania in the first quarter.
Income Growth: Total income for the first six months increased by 16.1% to €410mn. Lending volumes in Lithuania rose by 13% to €9bn, while deposits grew by 11% to €15.3bn as of late June.
The bank allocated €38mn for the solidary levy in the second quarter.
Swedbank Lithuania posted a net profit of €361mn for the full year 2023, as initially reported by BNS, a Lithuanian newswire.
Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the ... more
Citadele, a pan-Baltic bank, reported a 21% decrease in net profit for the first half of 2024, totalling €50.9 million compared to €64.5 million in the same period last year, BNS, a Baltic ... more
Latvia’s Citadele Bank’s new financing for private, SME, and corporate customers in the region reached €621 million in the first half of 2024. This has contributed to an increase in Citadele's ... more