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Lithuanian Banking Sector: Lending Up, Profitability Down

Published: March 2, 2013; 11:15 · (Vindobona)

Over the past year, the assets of banks operating in the country and branches of foreign banks decreased.

Lithuanian Banking Sector: Lending Up, Profitability Down / Picture: © Flickr

The portfolio of granted loans and the sum of deposits increased, but profits went down a little more than by a third.

“The drop in profits was determined by two factors. With the prevalence of a low interest rate, the interest income received by banks decreased, while the deterioration of the standing of some borrowers and loan evaluation had the banks forming…

This article includes a total of 436 words.

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