Ukio Bankas AB - Notification on material event

AB Ukio bankas group and AB Ukio bankas preliminary unaudited activity results of year 2009

AB Ukio bankas group preliminary unaudited net loss of year 2009 is LTL 70.5
million (EUR 20.4 million). AB Ukio bankas preliminary unaudited net loss of
year 2009 is LTL 75.0 million (EUR 21.7 million). During 2008 AB Ukio bankas
group earned a net profit of LTL 45.7 million (EUR 13.2 million) and AB Ukio
bankas earned a net profit LTL 57.4 million (EUR 16.6 million). Main reasons
behind not reaching planned results are: 
1) significantly increasing provisions against the impairment of loans and
receivables, caused by negative economic situation in Lithuania and growing
number of problem debtors; 
2) decreasing net interest margin resulted low net interest income; 
3) number of banking operations performed by customers was lower than planned
during economic recession. 


Arnas Zalys, 
Head of Finance Division
+370 37 301 440