Oct 31, 2024 / 06:30AM GMT
Vytautas Sinius Siauliu Bankas-Chief Executive Officer
Good day to investors and thank you for joining Siauliu Bankas webinar on the third quarter results. So today we have will be three presenters Tomas Varenbergas who is the head of Investment Management Division, and Donatas Savickas who is a strategy partner and myself [Vytautas Sinius] CEO of the bank.
So, let's just start with the presentation and we'll start with the key financial strategic highlights. So, I would say that the quarter was strong.
The profit generated net profit generated was in the range of 20 plus million EUR. So, with that, we reached almost EUR64 million net profit for nine months with a 15.4% of return on equity. Maintaining a rather stable efficiency, levels of a cost income ratio, 45.6% slightly better than our indications in the in the beginning of the year, the quarter traditionally will be slightly potentially higher with the cost. So this ratio will be I hope somewhere in between those two ranges.
We had a strong quarter on the new lending volume growth and it was mainly through the old
Q3 2024 Siauliu Bankas AB Earnings Call Transcript
Oct 31, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers