“UniCredit Leasing is a separate company, which will continue its operations both in Lithuania and Estonia. We also plan to expand,” he told BNS adding that UniCredit Leasing ranked second on the leasing market in Latvia and sixth on the respective markets in Lithuania and Estonia.
“We have been operating in Lithuania for the shortest period, since May 2011,” Belickas said.
UniCredit Bank stated earlier on Wednesday that its branches in Lithuania and Estonia would be closed down. The group expects to complete the centralization in the middle of this year. UniCredit Group claims that it will continue to serve its clients in the Baltic countries through the new centralized structure.
UniCredit Group is a leading European banking network with around 10,000 branches and 160,000 employees in 22 countries.
UniCredit Bank's Lithuanian branch posted a net profit of 6.901 million litas (EUR 2m) for the first three quarters of 2012, up 9 percent year-on-year. Its assets increased by 8.6 percent in the 12 months to late September to reach 1.264 billion litas.
