The losses widened mostly due to a nearly 30-percent decline, to 6.8 million litas, in revenues on customer service activities and an increase in general administrative costs.
Meanwhile, the management companies posted 7 million litas in combined earnings for the nine-month period, up 9.4 percent from the year-earlier figure of 6.4 million litas. Their revenues on core activities edged up by 1.7 percent, to 42.6 million litas, and the operating costs grew by 1.3 percent, to 23 million litas.
The assets of financial brokerage companies declined by 4.5 percent, to reach 29.8 million litas at the end of September.
The assets of management companies increased by 8.4 percent between July and September, to reach 74.7 million litas at the end of the third quarter.
As of late September, the average capital adequacy rate of financial brokerage companies made up 2.5 percent (as against the minimum of 1 percent), and the respective rate of management companies, was 4.7 percent (as against the minimum of 1 percent).
There were 14 management companies and 10 brokerage companies active in Lithuania in late September.
