Swedbank Lithuania, one of the country's largest Scandinavian banks, said that its first-quarter net profit fell by 15.2% year on year to €84mn, BNS, a Baltic newswire, reported on
The bank's total income for the three months jumped by 25.6% to €206mn. Net interest income surged by 31.7% to €166mn, and net commission income remained unchanged at €30mn.
"Despite persisting uncertain external circumstances, demand for business and household financing remains high," Swedbank Lithuania CEO
"The business loan portfolio continued to grow in the first quarter of this year," she added.
The bank's assets totalled €18.3bn in late March, up by 5.2% y/y, BNS said.
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