Politics

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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Lithuanian Banking Sector: Lending Up, Profitability Down

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.