In 2012, net operating income of Finasta bank increased fourfold, assets went up by 26% and loan portfolio grew by 14%. Operating activities of the bank generated a profit before provisions of LTL 1.13 million in 2012 and a net loss of LTL 1.46 million incurred as a result of additional provisions for loans partially related to Snoras bank.
After surge in 2011 and 2012, Baltic GDPs will maintain their leading growth positions for another year. Relatively high growth rates are easy to explain bearing in mind how much economies have lost during the downturn. In order to unfold their economic potential Baltic economies should be recovering at a greater speed, which is limited by the European recession.