Independence Posted November 9, 2010 Share Posted November 9, 2010 The below statement has only recently been released from Ukios Bankas. I am unsure if this is good news, but I would think that any bank, no matter the size, would welcome a return to profit. Any thoughts? Net profit of ?kio bankas Group of nine months 2010 amounts to LTL 2.9 million 2010 11 05 According to unaudited data, ?kio bankas Group earned LTL 2.9 million in net profit in the nine months of 2010. Unaudited unconsolidated profit of AB ?kio bankas nine months 2010 amounted to LTL 1.5 million. ?Improvement of the main profitability tendencies of ?kio bankas Group activity of the 3rd Quarter this year in comparison to the 2nd Quarter keep on optimistic moods, the biggest influence on which had rapidly growing net interest income: number of private and corporate clients and transactions executed by them grew?, Gintaras Ugianskis, chairman of ?kio bankas Board, said. ?The bank feels recovering trends of Lithuania?s economy, sees demand for banking services among the companies belonging to certain economic sectors. That is why some economic sectors of the country were begun to be credited more intensely and from the begging of the year a portfolio of loans granted by ?kio bankas Group has increased. Chairman of ?kio bankas Board said, that looking to the perspective, high unemployment, solvency of residents, decreasing consumption inside the country and financial state of small and medium companies oriented to the said sector does not contribute to optimistic moods. During the period of January- September 2010 assets of ?kio bankas Group increased by 15 percent and at the end of September amounted to LTL 4. 95 billion. Net value of client loans portfolio increased by 9 percent during 9 months and 30th September 2010 amounted to LTL 2.64 billion. Within the period ?kio bankas Group clients? deposits rose by 10 percent and at the end of the term totaled LTL 3 .65 billion. ?kio bankas Group owns ?kio bankas and subsidiaries: ?kio banko lizingas, ?kio banko investicij? valdymas, ?kio banko rizikos kapitalo valdymas, Investicinis turto valdymas, Bonum publicum, Turto valdymo paslaugos, Trade Project. UAB ?kio banko rizikos kapitalas owns 100 percent shares of RAB Ukio bank lizing. Link to comment Share on other sites More sharing options...
Ben Dover Posted November 9, 2010 Share Posted November 9, 2010 To be honest, it's probably our interest payments that have kept UKIO in the black Link to comment Share on other sites More sharing options...
ROMANOV FAN CLUB Posted November 9, 2010 Share Posted November 9, 2010 I'd bet RBS and HBOS would love to post ?1.00 as a profit for this finicial year instead of the loses of ?1.5 billion they are forcasting Link to comment Share on other sites More sharing options...
Spellczech Posted November 9, 2010 Share Posted November 9, 2010 Well that explains the debt for equity swap - it's good to be part of a group of companies! The football club keeps the taxable profits down so the taxman gets less in the good times and rollover losses mean less in the bad times too! Link to comment Share on other sites More sharing options...
The Gasman Posted November 9, 2010 Share Posted November 9, 2010 To be honest, it's probably our interest payments that have kept UKIO in the black Are we not "due" the money to UBIG, rather than UKIO? Link to comment Share on other sites More sharing options...
jamboruss Posted November 9, 2010 Share Posted November 9, 2010 Mass suicide in dockland! Link to comment Share on other sites More sharing options...
Gavsy Van Gaverson Posted November 9, 2010 Share Posted November 9, 2010 I'd bet RBS and HBOS would love to post ?1.00 as a profit for this finicial year instead of the loses of ?1.5 billion they are forcasting HBOS no longer exist. Lloyds will be in profit this year. RBS seem messed! Link to comment Share on other sites More sharing options...
Stanley_ Posted November 9, 2010 Share Posted November 9, 2010 I refuse to even read this until I get the "real" version of events from the financial experts on hibs.net. Link to comment Share on other sites More sharing options...
Munch Posted November 9, 2010 Share Posted November 9, 2010 The below statement has only recently been released from Ukios Bankas. I am unsure if this is good news, but I would think that any bank, no matter the size, would welcome a return to profit. Any thoughts? Net profit of ?kio bankas Group of nine months 2010 amounts to LTL 2.9 million 2010 11 05 According to unaudited data, ?kio bankas Group earned LTL 2.9 million in net profit in the nine months of 2010. Unaudited unconsolidated profit of AB ?kio bankas nine months 2010 amounted to LTL 1.5 million. ?Improvement of the main profitability tendencies of ?kio bankas Group activity of the 3rd Quarter this year in comparison to the 2nd Quarter keep on optimistic moods, the biggest influence on which had rapidly growing net interest income: number of private and corporate clients and transactions executed by them grew?, Gintaras Ugianskis, chairman of ?kio bankas Board, said. ?The bank feels recovering trends of Lithuania?s economy, sees demand for banking services among the companies belonging to certain economic sectors. That is why some economic sectors of the country were begun to be credited more intensely and from the begging of the year a portfolio of loans granted by ?kio bankas Group has increased. Chairman of ?kio bankas Board said, that looking to the perspective, high unemployment, solvency of residents, decreasing consumption inside the country and financial state of small and medium companies oriented to the said sector does not contribute to optimistic moods. During the period of January- September 2010 assets of ?kio bankas Group increased by 15 percent and at the end of September amounted to LTL 4. 95 billion. Net value of client loans portfolio increased by 9 percent during 9 months and 30th September 2010 amounted to LTL 2.64 billion. Within the period ?kio bankas Group clients? deposits rose by 10 percent and at the end of the term totaled LTL 3 .65 billion. ?kio bankas Group owns ?kio bankas and subsidiaries: ?kio banko lizingas, ?kio banko investicij? valdymas, ?kio banko rizikos kapitalo valdymas, Investicinis turto valdymas, Bonum publicum, Turto valdymo paslaugos, Trade Project. UAB ?kio banko rizikos kapitalas owns 100 percent shares of RAB Ukio bank lizing. A Lot better than RBS Latest recorded losses, no doubt sir gay and his hobonotic friends will spin these results into a bad thing though Link to comment Share on other sites More sharing options...
Tiberius Stinkfinger Posted November 9, 2010 Share Posted November 9, 2010 It all moves us closer to administration that's for sure. Link to comment Share on other sites More sharing options...
Ray Winstone Posted November 9, 2010 Share Posted November 9, 2010 Just been down to Tynecastle....gates closed, lights off. Tick tock. Link to comment Share on other sites More sharing options...
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