Brief: Siauliu Bankas 9 Months Net Profit Down At EUR 34.2 Million YoY

Artea bankas AB

30/10/2020 07:24

Oct 30 (Reuters) - Siauliu Bankas AB  SAB1L.VL :
    * 9 MONTHS NET INTEREST INCOME EUR 56.6 MILLION VERSUS EUR
52.6
MILLION YEAR AGO
    * 9 MONTHS NET PROFIT AT EUR 34.2 MILLION VERSUS EUR 40.6
MILLION
YEAR AGO
    * PROVISIONS FOR THE THREE QUARTERS AMOUNT TO EUR 9.1
MILLION
VERSUS EUR 4.9 MILLION YEAR AGO
    * AT THE END OF 3Q COST OF RISK RATIO AT 0.7% VERSUS 0.4% AT
THE
END OF 3Q YEAR AGO
    * AS OF END OF 3Q DUE TO COVID-19 DEFERRALS FOR LOAN
REPAYMENTS
AMOUNTED TO EUR 228.0 MILLION (13% OF THE TOTAL LOAN PORTFOLIO)
    * ACCORDING TO UPDATED FORECASTS FOR FY 2020 GROUP’S COST OF
RISK
RATIO  WILL NOT EXCEED 0.8%, AND THE ANNUAL RETURN ON EQUITY
WILL BE AROUND 12%

Source text:  ID:nGNE8xDLFz 
    
Further company coverage:  SAB1L.VL 

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