Last Year Farmers Borrowed More Actively from Ūkio bankas than in 2010
2012-01-17
Ūkio bankas granted 56 per cent more loans to agricultural entities within January – November of 2011 than in the same period last year. Amount of new agreements concluded with farmers within the first eleven months of the last year amounted to LTL 37 million and approximately 60 per cent exceeded the amount of the agreements concluded within the same period of a year 2010.
Consolidated Ūkio bankas loan portfolio granted to the farmers of Lithuania increased by 8 per cent within eleven months of 2011 and at the end of November 2011 consolidated bank loans to the farmers’ portfolio amounted to LTL 61 million.
“Lithuanian farmers traditionally trust Ūkio bankas that has concluded 500 agreements with persons and companies dealing with agricultural activity. We have a long term experience in cooperation with farmers therefore we can offer professional financial consultancies, advise about development and other issues. Except for regular clients that choose supplementary services we also have a lot of new clients”, - said Mindaugas Pašvenskas, Head of Ūkio bankas Credit Service Unit.
Farmers of Panevežys, Kaunas and Klaipėda region had the lead according to the amounts of new agreements concluded last year. On 30 November the biggest part of the loans to the agricultural entities was taken by Panevėžys (27 per cent), Raseiniai (23 per cent), Kėdainiai, Šilutė and Klaipėda (11–12 per cent each) regions.
According to M. Pašvenskas, in respect to the hopes and expectations of Lithuanian farmers Ūkio bankas will seek to remain a reliable partner of the persons and entities dealing with agricultural business.
Ūkio bankas is the first commercial bank in Lithuania providing reliable service in 60 client service units in all Lithuania for 22 years.
