Major problems in Danske Bank’s Lithuanian
leasing business have caused the bank’s national subsidiary to
report a fifteen-fold increase in pretax losses, from €8.7 million
in 2008 to €131.9 million in 2009.
Some €135 million in loan loss provisions were
set aside by Danske Bank in Lithuania in 2009, compared to just
€16.5 million in 2008.
Go deeper with GlobalData
Before impairment charges and taxes, Danske
made a €2.9 million profit, itself down from €7.8 million in 2008.
Additionally, banking income contracted by 34.5 percent.
Danske Bank’s operations in
Lithuania include Danske Bank as well as Danske Lizingas, the
group’s Lithuanian leasing business.
Fred Crawley
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
