Comment on UKB1L`s Latest Events, Forecast on Growth and Risk 11/05/09

Contents:
- Q3 OF 2009 FINANCIAL PERFORMANCE;
- EXTENSION OF CREDITS;
- SIGNS OF COST CONTROL;
- SLIGHT PROFIT, MEDIUM OUTLOOK.


This report provides analyst comment on company’s latest events and performance. Report contains forecast on business risk (short-, mid-, and long-term) and growth possibilities (long-term) of the company, providing reader with necessary information to make decisions. Key reasons to read this report:
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Ukio Bankas
AB Ukio Bankas, together with its subsidiaries, provides various financial products and services to private and corporate customers, and financial institutions primarily in the Republic of Lithuania. It offers various deposit products, which include time, savings, consumer, and universal, as well as dual currency deposits. The company also provides consumer loans for purchasing various goods, and for traveling, studies, treatment, home improvement, and buying a new car; and finance for the purchase of real estate, construction, and other investment projects, as well as for the acquisition of new equipment, machinery, and technologies. In addition, it offers payment cards, investment funds, and financial brokerage services; a range of insurance products, including life, retirement, universal unit-linked life, abroad accident and sickness, and accident insurance; cash transactions and safe deposit boxes; and Internet banking services. Additionally, the company provides working capital financing and factoring services; and offers documentary services, including documentary credits and collections, guarantees and sureties, and bills of exchange and promissory notes. Further, it provides services, including money transfer in LTL and EUR; foreign exchange and money market transactions; documentary operations; and securities operations for financial institutions. The company also offers consultations on assets management; investing and saving solutions; account management; and individual crediting solutions. As of December 31, 2008, it operated 12 branches and 47 client service departments in Lithuania, as well as operated 2 representative offices in Ukraine and Kazakhstan. The company was founded in 1989 and is headquartered in Kaunas, the Republic of Lithuania.


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