profit

Swedbank Lithuania generated EUR 410 million comprehensive income in the first half of 2024. The bank’s net interest income amounted to EUR 328 million and net commission income was EUR 62 million. Swedbank’s net profit in the first half of this year amounted to EUR 175 million.

Fixed-term deposits in banks grew significantly and their interest rates went up last year, while mortgage interest margins fell, the Bank of Lithuania said Thursday.

Ten Lithuanian companies each earned more than EUR 100 million pre-tax profit in 2022, reports business news website Verslo žinios (vz.lt).

The SEB bank said Thursday it earned a pre-audited net profit of 299.1 million in 2023, an increase of 73.6% from a year before.

Swedbank has reported a net profit of EUR 361 million in Lithuania last year, which is 152% more than in 2022. The rise in the profit is due to significant growth in the corporate loan portfolio, high private client activity, the European Central Bank’s monetary policy and other reasons, the bank sa...