
Šiaulių bankas, whose shares are traded on the Vilnius Stock Exchange, today presented the performance results of its group for the last quarter. It turned out that the increase in costs led to a decrease in net profit. During today's trading session, the shares of this bank are expensive: Šiaulių bankas 0.708 (-0.98%) .
During the second quarter of this year, the net profit of this group reached 20.526 million. euros, or eight percent less than a year ago during the same period. Meanwhile, net interest income rose about three percent to 41.05 million. EUR, and net income from services and commissions rose by 41.9 percent to EUR 7.254 million. euros.
In total, after the first half of this year, the net profit of the Šiauliai bankas group reaches 42.992 million. euros, or about four percent more than a year ago during the same period. Net interest income grew by seven percent to 80.63 million. EUR, and net income from services and commissions – 40.9 percent to 13.737 million. euros.
"After presenting an ambitious bank strategy at the beginning of the year, we are gaining momentum. We have successfully grown all segments of banking, from financing volumes for both businesses and residents to ever-widening opportunities for investing clients. Our customers appreciate this – their satisfaction with the bank's services remains extremely high, and Šiauliai Bank's reputation index has reached its highest level in the last five years," says Vytautas Sinius, head of the bank's Administration.
This year, the share price of Šiaulių bankas rose by 2.5 percent, and in the last one year – by about six percent. For comparison, the value of the OMX Vilnius GI index increased by 5.5 and about one percent, respectively.