Bank SNORAS deposit portfolio within the three quarters this year grew by LTL 668.3 million or 17.4 per cent, whereas the growth of the deposit portfolio in the market comprised only 2.7 per cent. According to the data as of 30 September 2009, the total deposit portfolio of the bank exceeded LTL 4.5 billion. The household deposit portfolio grew the fastest, even by 21.8 per cent, which on 30 September 2009 comprised more than LTL 3.4 billion. On 30 September 2009, AB Bank SNORAS had over 85,000 private depositors (natural persons); their number grew almost by 10,000 (12.8 per cent) since the beginning of the year.

“This year posed quite a few challenges for the entire banking sector; however, we finished the three-quarter period profitably, despite the provisions for possibly ”bad“ loans. Regardless of the increasing unemployment and the complicated household economy situation, the bank considerably increased the deposit portfolio, which, certainly, shows the high confidence and trust of corporate companies and residents towards Bank SNORAS.  Due to flexibility and promptness of the bank’s decisions, the number of business clients grew by more than 1200; it proves that the services we provide are relevant and competitive to corporate companies,” states Raimondas Baranauskas, the President of AB Bank SNORAS.

At the close of III quarter of 2009, AB Bank SNORAS had 1,078 million clients, or almost by 40,000 clients more than at the beginning of the year. Since the early part of the year, the number of the bank’s corporate clients increased by more than 1200. During this period, within one business day, 6-7 new business clients opened accounts in Bank SNORAS or transferred them from other national banks. The number of the natural persons’ accounts in Bank SNORAS within the same period grew by more than 38,000.

This year Bank SNORAS complied with the conservative crediting policy. Since the outset of the year, the loan portfolio diminished by 8.5 per cent and comprised LTL 2,686 billion at the end of the period. It corresponds to the overall crediting market tendency. The provisions at the end of the third quarter stood at LTL 82.8 million.

Within the nine months of this year, the turnover in the accounts of the cards issued by AB Bank SNORAS exceeded LTL 4 billion and was 6.5 per cent or LTL 247.8 million larger than during the same period in 2008.

The bank’s activity expenditures within the nine months of this year, in comparison to the analogous period in 2008, decreased by more than 5 per cent and comprised LTL 81 million. According to the data as of 30 September 2009, 1128 employees worked in Bank SNORAS, or 56 employees fewer than at the beginning of the year.

AB Bank SNORAS performs all prudential requirements for the banks’ activity risk, which are established by the Bank of Lithuania. At the close of the third quarter this year, the bank’s capital adequacy indicator reached 8.59 per cent (the minimum requirement of the Bank of Lithuania is 8 per cent), while the liquidity indicator comprised 44.56 per cent (the minimum established value of the indicator – 30 per cent).

AB Bank SNORAS financial group, during three quarters this year, incurred LTL 28.1 million unaudited losses. The assets of the group, within 9-month period this year, changed inconsiderably (-1 per cent) and stood at LTL 8.4 billion. Since the early part of the year, the deposit portfolio of the group grew by 1 per cent and at the end of the third quarter exceeded LTL 6.8 billion. The general change of the loan portfolio of the group since the beginning of the year reflected the market tendencies (- 4 per cent) and at the close of the period comprised LTL 4.8 billion.