"Kreda Group's assets amounted to EUR 513.8 million and grew by 12%.

Asociatyvi nuotr.

Ši In the first quarter of this year, according to the unaudited financial results for the first quarter of the year, the assets of the „Kreda“ Group amounted to EUR 513.8 million, up 12% compared to last year.

The total consolidated loan portfolio grew by 15% in the first quarter of 2024 compared to the same period last year, reaching €422.7 million. The strongest growth was in loans to agriculture, up 23%, and to small and medium-sized businesses, up 21%.

Interest income in the first šy quarter amounted to €9.7 million, up 43% on last year. Net interest income was 21% higher than at the same time last year.

According to unaudited data from the „Kreda“ group of unions, the group's capital amounted to EUR 48.82 million, 21% higher than in the same period last year.
The „Kreda“ group consists of 14 credit unions administered by the United Central Credit Union (UCU).

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