"Hansabankas" Group earned LTL 101 million in nine months
2005-10-27 Back
"Hansabankas", being a member of the largest financial group in the Baltic States, earned LTL 101,0 million of net consolidated profit before audit during nine months of 2005. That is by LTL 19,3 million or by 23,7% more than during the same period of the previous year when the Bank had earned LTL 81,6 million. "Hansabankas"" return on equity (ratio of profit to average equity of the period) of nine months of 2005 amounted to 20,0 per cent (of nine months of 2004 - 20,6%).
Again the growth of profit of "Hansabankas" Group was conditioned by rapidly increasing loan portfolio. During nine months of 2005 "Hansabankas" Group in Lithuania received LTL 198 million net interest income - that is by 36,9% or LTL 53,4 million more than during nine months of 2004. Net income from commissions of nine months of 2005 stood at 37,9% or LTL 26,5 million compared with the same period of 2004, and amounted to LTL 96,2 million. Cost-income ratio of nine months of 2005 was 64,9%, that is by 3,4 percentage points smaller than during the same period of 2004.
By the end of third quarter of this year "Hansabankas" Internet bank "hanza.net" had 507,5 thousands of users. During the year the number of "hanza.net" users increased by almost 105,5 thousand, or by 26,2% (a year ago this figure amounted to 402 thousand). In the field of Internet banking "Hansabankas" occupies the leading position managing nearly 42,2% of the market (news agencies' data).
As of 1 October, the number of payment cards issued and activated by "Hansabankas" reached 985 thousands, experiencing the annual growth of 13,9% (from 848,3 thousands on 1 October 2004). Turnover of cards issued by "Hansabankas" during 9 months amounted to LTL 5,4 billion - by 31,7% exceeding the last year's turnover of LTL 4,1 billion. By the end of third quarter "Hansabankas" managed the largest share of payment cards' market - about 33,4% (news agencies' data).
"Development of the financial market in Lithuania is mostly influenced by the fact that people become increasingly more active in using modern financial services and advantages of e-banking - it is obvious that customers have come to value convenience", - said Giedrius Dusevičius, "Hansabankas" Board Chairman. In his opinion, the growth of "Hansabankas" Group profit was also influenced by increased volumes of activities and efficiency. "Our results correspond to quantitative and qualitative changes in the financial market of Lithuania or even exceed them in certain areas", - said G.Dusevičius.
Since the end of third quarter of 2004, the annual growth rate of "Hansabankas" consolidated assets was 43,9%, or LTL 3,2 million, and by the end of third quarter of 2005 they accounted for LTL 10,6 billion (on 30 September 2004, consolidated assets of the Bank accounted for LTL 7,3 billion). The growth of consolidated assets of "Hansabankas" was mostly facilitated by the increase of loan portfolio. On 30 September 2005, consolidated shareholders' equity of "Hansabankas" reached LTL 726,1 million. Annual growth of consolidated shareholders' equity was LTL 129,8 million or 21,8 per cent.
Since 30 September 2004, the Group's loan portfolio increased by LTL 2,6 billion (53,9% growth) and by the end of third quarter of this year amounted to LTL 7,4 billion. Private individuals' portfolio grew by as much as 98,5% (LTL 1,1 billion) reaching LTL 2,3 billion. Business loan portfolio went up by 36,8% (LTL 806 million) and amounted to LTL 3,0 billion. Factoring portfolio of "Hansabankas" Group went up by 46,7% (LTL 137 million) and stood at LTL 431 million. On 30 September 2005, lease portfolio was LTL 1,7 billion, having grown by LTL 537 million.
Amount of deposits held with "Hansabankas" increased by LTL 1,8 billion or 34,3% per year totalling LTL 7,0 billion on 30 September 2005.
By end-September "Hansabankas" occupied 23,4% share of loan market. In the market of loans to individuals "Hansabankas" managed the largest share - 30,7%. As of 30 September 2005, "Hansabankas" occupied 30,8% of deposit market and the largest share - even 38,8% - of the market of individual customers.
