Vytautas Sinius, Head of Administration of Iauli Bank. Photo of Judita Grigelyts (V).
iauli bank group earned 22.5 million in the first quarter of the year. EUR net profit, or 17% more than last year in the same period.
Lietuvikos Kapitalo Bankas will announce the results of the first quarter on Monday morning, in which the net salary income and commission income grew by a double digit.
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The bank earned 30 mln. EUR operating profit will decrease by 10% more compared to 2023. the first four.
We ended the first quarter with a new strategy and successfully integrated INVL’s private business after the merger, part of which significantly contributes to the increase in net service and commission income and the growth of the bank’s overall operating result. implementing the strategy, we started the project of a new main bank platform, which will ensure an even better customer experience in the future.
At the beginning of the year, the bank’s supervisory board and board were elected for a new term, filled with professional banking business and investment services who will contribute to the implementation of the bank’s ambitious strategy.
During the year, the loan portfolio grew by 2 percent, but since the end of the last quarter, it increased by 4%, up to 3.045 billion. Eur.
During the fourth quarter, 373 million were signed. The value of the euro is again in the lending agreement, 5% more than in 2023. first quarter
The positive trends observed in the demand for business financing during the first quarter of the year increased by 33% to 208 million. Eur, and almost as much as last year of the corresponding period. The business loan portfolio grew by 5% and amounted to 1.6 billion. EUR, the bank indicates in the notification.
The bank claims that the first quarter was marked by the growth of the main financing segment, but it no longer provides data for the housing and consumer financing portfolio.
The bank indicates that the quality of the loan portfolio remains good. Due to the careful review of the calculation parameters, taking into account the updated macroeconomic forecasts, 2.2 million were formed in the first quarter. 2.8 million euros per year. Eur. The coefficient of risk (CoR) of the loan portfolio in the first quarter was 0.36%, compared to 0.38% a year ago.
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