Information on audited Financial statements for the nine month period as at 30th of September of 2023Medicinos Bankas UAB (“Bank”), registration number 112027077, registered seat address: Pamėnkalnio 40, LT-01114 Vilnius, Lithuania. According to audited data, Medicinos bankas, a Lithuanian capital bank, earned a net profit of EUR 6.9 million in the first nine months of this year, which is twice as much as in the same period of January to September last year, when the bank’s net profit amounted to EUR 3.4 million. Over the comparison period, the net interest income of Medicinos bankas increased by 90 per cent (EUR 7.2 million) to EUR 15.2 million. Meanwhile, the Bank’s loan portfolio increased by 23 per cent to EUR 313.4 million in the first nine months of the year. In the first three quarters of this year, net fee and commission income of Medicinos Bankas increased by 9.1 per cent (EUR 0.3 million) to EUR 3.9 million, while the net result from foreign currency transactions decreased by 33.3 per cent (EUR 1.3 million) to EUR 2.5 million. At the end of September 2023, the assets of Medicinos bankas amounted to EUR 499.8 million, or 21.2 per cent more than a year earlier (EUR 412.4 million). At the end of the third quarter of this year, the Bank’s liabilities to customers amounted to EUR 434.0 million and were 41.9 per cent higher compared to the period last year. The shareholder equity of Medicinos bankas increased by 19.7 per cent and amounted to EUR 55.4 million on 30 September this year, compared to EUR 46.3 million on 30 September 2022. At the end of September, Medicinos bankas, which operates the largest network of 36 territorial branches in Lithuania, employed 302 people. For more information please contact: Head of Business Division Julius Ivaška, ph.: +370 601 04 453, e-mail: media@medbank.lt
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