According to preliminary financial results of first half 2010 specialized consumer loan bank BIGBANK AS Lithuanian branch is operating profitably. During Q2 the branch earn 244 thousand LTL profit which amounted to 519 thousand LTL in the end of the first half according to preliminary results.  

In the end of Q2 BIGBANK AS Lithuanian branch total assets increased by 2.9% in comparison to Q1 and amounted to 62.4 million LTL. Interest income amounted to 8.97 million LTL by the end of first half 2010 in comparison to 8.06 million LTL same period in 2009.  

"Q2 results were positively influenced by close contact with people having temporary financial difficulties. As well this year we introduced new product to our clients - Safety loan, that is consumer loan with insurance from losing a job. We actively work in order that our clients would feel sure and safe when taking the consumer loan because in case of unexpected job loss bank covers up to 12 monthly payments," - says the Head of BIGBANK AS Lithuanian branch Rolandas Norvilas.  

In Q2 BIGBANK opened the most modern customer sales office in Lithuania located in Vilnius, Jogailos st. 4.

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BIGBANK AS is the biggest bank in the Baltic States, specializing in consumer loans and term deposits for private persons. At the end of 2009 total assets were 60.9 mln. LTL, profit reached 4.4 mln. LTL. At the end of 2009 BIGBANK had 28 customer service offices in the Baltic States and Finland. BIGBANK offers term deposits as a cross border service in Austria and Germany.  

The BIGBANK AS Lithuanian branch started to operate in Lithuania in September, 2007. Currently, BIGBANK has 10 customer service offices in Lithuania: in Vilnius, Kaunas, Klaipėda, Panevėžys, Šiauliai, Marijampolė and Mažeikiai.