Parex banka                                                   14.03.2005



PRX: Profit of the Lithuanian subsidiary of Parex banka for the first quarter 

of 2005 reaches 2.92 million LTL (corrected 2nd, 3rd paragraph) 



Parex bankas, the subsidiary of Parex banka in Lithuania, has concluded the 

first quarter of 2005 with the profit of 2.92 million LTL (0.6 million LVL), 

which by 56% exceeds the result of the same period of 2004, and by 40% exceeds 

the planned profit for this period.



During the first 3 months of 2005, the net loan portfolio of Parex bankas has 

grown by 7% compared to the end of 2004, and has reached 260.13 million LTL 

(53 milliom LVL). This March Parex bankas has presented a unique Elastic mortgage 

loan that foresees smaller installments for the first 5 to 10 years.



The deposit level during the first quarter of 2005 has also grown by 7% in comparison 

with the end of 2004 and reached 234.01 million LTL (48 million LVL) as at 31 March 2005.



Parex bankas is 100% owned by a/s Parex banka.



International Communications Manager

Natalja Rodionova

Phone: +371 777 85 72