Information on the audited financial statements for the nine months to September 30, 2024

Urbo bankas UAB (hereinafter – “the Bank”), company code 112027077, address: Konstitucijos pr.18B, Vilnius.

The bank made a net profit of 6.5 million euros in the first three quarters of this year. The loan portfolio increased by 14.6% to €364 million over the period, while the bank’s assets at the end of September stood at €577 million, 15.6% higher than a year earlier (499 million euros).

At the end of the third quarter, the amount of deposits held with the Bank reached 489 million euros, or 16.2% more than a year earlier. At the same time, net interest income increased by almost a tenth (1.5 million euros) to 16.7 million euros.

In the third quarter of this year, the Bank’s net fee income decreased by 30.4% (1.2 million euros) to 2.7 million euros compared to the same period of 2023. During of the comparative period, the net result on foreign exchange transactions decreased by 0.8 million euros (30.4%) to 1.8 million euros, due to the contraction of the net foreign exchange market in Lithuania .

The bank’s own funds amounted to 63 million euros as of September 30 this year. Compared to the end of September 2023, it increased by 14.1%, from 55 million euros. At the end of September, the Bank had 285 employees and its customer service network was made up of 25 regional agencies.

For more information, please contact: Julius Ivaška, Head of Commercial Division, tel. +370 601 04 453, email (email protected)

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• Audited financial statements EN 2024-09-30