Medicinos Bankas profit up 30% in the first quarter

Posted: 2022-05-18 18:04

Photo by Vladimiro Ivanovo (V)

In the first quarter of the year, Lithuanian Capital Medical Bank earned LTL 0.84 million. EUR 30% of net profit less than last year at the same time, when the profit reached 1.2 million. Eur.

Net fee and commission income increased by 8.6% to LTL 1.2 million. And foreign trade in foreign currency by almost 11% to 0.9 million. Eur, report Medical Bank.

The war in Ukraine created consumers and businesses, adjusted expectations and prompted us to consider consumption and financial needs, but in the first quarter of the year we managed to moderately improve key performance indicators, the report quoted Dalia Kliauskien, Chief Executive Officer of Medicinos Bankas.

The bank’s net salary income grew by 7.9% to LTL 2.4 million in January. Eur. The loan portfolio grew by 5.8% to LTL 223 million. Eur.

At the end of the first quarter of 2022, the bank’s assets amounted to LTL 404 million. Eur and was 6.2% higher than a year ago. liabilities to customers amounted to 334 mln. Eur 3.3% more.

The bank’s shareholder equity increased by almost 11% to LTL 44 million. EUR (EUR 39 million at the end of March last year).

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