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SEB, one of Lithuania’s largest banks by assets, earned a non-audited net profit of €74.2mn in January-March, down by 2% from the same period last year,BNS, a Baltic newswire, reported on April 26. Revenue rose 22.5% to €148mn, and net interest income went up by 26.3% to €120.4mn, the bank said on Wednesday, 24 April. ‘The population’s growing purchasing power and businesses’ increased focus on investment had a positive impact on economic activity, which was also supported by SEB Bank’s growing lending volumes. Inflation approaching zero and rising wages increased the share of funds allocated …

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