According to preliminary data AB DnB NORD Bankas, company code 112029270, VAT payer code LT120292716, registered office at J. Basanavičiaus St. 26, Vilnius, the data is collected and stored at the Register of Legal Entities, earned a pre-tax operating profit before provisions of LTL 57.7 million (EUR 16.7 million) in the first three months of 2009. Taking into consideration negative impact of sharp economic downturn in the past six months, the bank continued to pursue a very conservative customer risk valuation approach and made LTL 106 million (EUR 30.7 million) in provisions in the first quarter of 2009. As a result AB DnB NORD Bankas recorded a LTL 48.3 million (EUR 14 million) loss in the first three months of 2009. AB DnB NORD Bankas pre-tax operating profit before provisions was LTL 46.9 million (EUR 13.6 million) in the first quarter of 2008 and its net profit was LTL 37.6 million (EUR 10.9 million) in that period. AB DnB NORD Bankas 2009 first quarter net income rose 9.3 percent year-on-year to 104.4 million (EUR 30.2 million), operating expenses fell 6.2 percent year-on-year to LTL 42.6 million (EUR 12.3 million). Due to constant focus to increase operating efficiency the bank‘s cost income ratio improved further to 39.4 percent in the first quarter of 2009 compared to 47.4 percent in the same period a year ago. In the first quarter of 2009 the bulk of provisions were made on loans granted to small and medium size companies operating in real estate, construction and transport sectors. Due to prudent risk management the bank met all the prudential requirements of Bank of Lithuania. Andrius Vilkancas Press Officer tel. +370 5 239 3413