Sponsored Content
Lithuanian Banking Sector: Lending Up, Profitability Down
Politics ♦
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: © Vindobona.org
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…
or Log In
Fast News Search