Ukio Bankas Accounts for 2009

[greenginger]

Just posted on the Vilnius stock exchange web site, the Bank lost 75.0 million LTL (21.7 million Euro) last year.

Not a Knock-out blow more like death by a thousand cuts ! :devil:

[Part/Time Supporter]

Isn't that loss of the order of 4 or 5 times more than the biggest profit they ever made?

Never mind the Hearts accounts, that is far more serious. They could pick up losses on Hearts as long as Romanov was making money elsewhere, but that's obviously not the case now.

[H18sry]

Non story now move along ya bunch of peg selling hobo's :devil:

[poolman]

Just posted on the Vilnius stock exchange web site, the Bank lost 75.0 million LTL (21.7 million Euro) last year.

Not a Knock-out blow more like death by a thousand cuts ! :devil:


Ach, move along, nothing to see here

Once the new mega stand is built and the extra revenue floods in all will be right in the World of Vlad :agree:

[bawheid]

AIDS ridden Hobos that we are, we unfortunately don't understand how big business works. All the big banks lose millions, nothing to see here, they owe it to themselves, etc, etc...

[jacomo]

AIDS ridden Hobos that we are, we unfortunately don't understand how big business works. All the big banks lose millions, nothing to see here, they owe it to themselves, etc, etc...

Fine. But what about the small ones? :devil:

[Booked4Being-Ugly]

I'm a bit too preoccupied with how well my own club is run and looking forward to the new East stand to bother about the PBS zombies TBH.

Can someone just PM me when they go down the tubes - thanks in advance! :greengrin

[Sergey]

There must be some mistake on the Stock Exchange announcement, as Mr Fedotovas said this in his December communique to the Yam faithful:

Question: What about Ukio Bankas, the club's bankers, how do you view that relationship in light of the pressures being faced by financial institutions?

Answer: Ukio Bankas maintains ambitious development plans and the bank remains profitable unlike most others in UK and elsewhere in Europe. Ukio Bankas is a very supportive partner of the club. For example, our banking relationship ensures that Hearts receives first class quality and timely service.

[GordonR]

There must be some mistake on the Stock Exchange announcement, as Mr Fedotovas said this in his December communique to the Yam faithful:

Question: What about Ukio Bankas, the club's bankers, how do you view that relationship in light of the pressures being faced by financial institutions?

Answer: Ukio Bankas maintains ambitious development plans and the bank remains profitable unlike most others in UK and elsewhere in Europe. Ukio Bankas is a very supportive partner of the club. For example, our banking relationship ensures that Hearts receives first class quality and timely service.

My god, it's almost as if he was lying and/or just giving out the party line. But that can't be right, surely? No-one in a senior position at Hearts would ever lie to the fans, would they? :dunno:

[Danderhall Hibs]

My god, it's almost as if he was lying and/or just giving out the party line. But that can't be right, surely? No-one in a senior position at Hearts would ever lie to the fans, would they? :dunno:

Maybe they've made a big unexpected loss in the last 2 months or so?

[Rory89]

Guys we know they're now inferior to us in every way, we shouldn't be giving them as much attention as this.

[London Hibs FC]

Ach, move along, nothing to see here

Once the new mega stand is built and the extra revenue floods in all will be right in the World of Vlad :agree:

Don't forget the additional revenue from the 5 Star Deluxe Hotel and Conference Centre!

There is no doubt that all of The Balmoral/ The Caley/ The Scotsman and The Sheraton Grand's clients will happily relocate to Gorgie as soon as they open their doors! :bye:

[Mikey]

Didn't last year's accounts show a small profit, but they'd flogged a pile of property in Moscow to shore it up?

[Sergey]

Didn't last year's accounts show a small profit, but they'd flogged a pile of property in Moscow to shore it up?

:agree:

It was a 27 million Lita sale of an (empty) office block in Moscow.

[Phil D. Rolls]

I'm a bit too preoccupied with how well my own club is run and looking forward to the new East stand to bother about the PBS zombies TBH.

Can someone just PM me when they go down the tubes - thanks in advance! :greengrin

Financial Stability
Training Ground
Success on the Park
Hearts Liquidation

All things come to those who wait.

(Unless of course the clerks who frequent the PBS have an Open Letter ready to be sent, of course.)

[iwasthere1972]

Just posted on the Vilnius stock exchange web site, the Bank lost 75.0 million LTL (21.7 million Euro) last year.

Not a Knock-out blow more like death by a thousand cuts ! :devil:

Wee bank financing (or maybe not financing) a wee team. :agree:

For Pete's sake I make more out of my caravan rental and peg sales than Ukio.

[Mikey]

:agree:

It was a 27 million Lita sale of an (empty) office block in Moscow.

I wonder how much it cost them.

If all of their property deals are as good as the purchase of 42 St Andrew Square it'll have cost a lot more than 27 million Lita!

[s.a.m]

I'm a bit too preoccupied with how well my own club is run and looking forward to the new East stand to bother about the PBS zombies TBH.

Can someone just PM me when they go down the tubes - thanks in advance! :greengrin

I s that not a bit like getting a thriller out of the library, andonly reading the ending??:greengrin

[Phil D. Rolls]

I s that not a bit like getting a thriller out of the library, andonly reading the ending??:greengrin

This is more like an episode of Colombo. We all know whodunnit, and we all know what will happen in the end, it's just that we don't know how or when it will happen.

[Mikey]

Good to see that their heads are well and truly up their own bottoms over the road. Total non story.

I swear to god, when their club "does a Portsmouth" it'll come as a major shock to most of them.

[Mikey]

I wonder where they're going to magic up the money for the debt for equity swap?

[ancienthibby]

I wonder where they're going to magic up the money for the debt for equity swap?

There's nae money involved - it's all paper!!

(So do we now have the Paper Bus Shelter!!:devil:)

[O'Rourke3]

There must be some mistake on the Stock Exchange announcement, as Mr Fedotovas said this in his December communique to the Yam faithful:

Question: What about Ukio Bankas, the club's bankers, how do you view that relationship in light of the pressures being faced by financial institutions?

Answer: Ukio Bankas maintains ambitious development plans and the bank remains profitable unlike most others in UK and elsewhere in Europe. Ukio Bankas is a very supportive partner of the club. For example, our banking relationship ensures that Hearts receives first class quality and timely service.

Was this not done through an interpreter :faf: - the usual "I was misquoted..."

[Hibs07p]

Maybe they've made a big unexpected loss in the last 2 months or so?

Aye, they didnae receive £17.6M that they were expecting to get. :greengrin

[fatbloke]

Aye, they didnae receive £17.6M that they were expecting to get. :greengrin

Come now people it is our moral obligation and Christian duty to help those less fortunate than ourselves.

Can I suggest that between now and May we donate the proceeds of the income from the sale of one bag of pegs/bag of heroin/weekly caravan rental - while we move back into the cardboard box for 7 days - whatever everyone feels appropriate and in line with our subservient nature and feelings to the plight of the big team.

Donations to me at Paypal Account 0701011973 where I shall ensure they go to the right people.

NB - I will not hold my breath:greengrin

[jgl07]

Maybe they've made a big unexpected loss in the last 2 months or so?
Perhaps they have written off £30.5 million in bad debts?

[Hibernia Na Eir]

I like how these Lithuanian bankers/businessmen continually tell the world how safe Hearts are and how safe UKIO is.

ARE they REALLY safe?

No bank is safe. Not even the SMALL lithuanian ones!

Part 1 of the great Vlad dream is over. The £51m super stand is no more. What next?........

Yes, keep BELIEVING ya numties! Fools.

[Hibernia Na Eir]

Financial Stability
Training Ground
Success on the Park
Hearts Liquidation

All things come to those who wait.


ive got a wee surprise for Hearts fans when they fold. Not givin anything away just now, but i'll make sure im there when they play us the day Vlad is no more.....:wink: (IF they are allowed to play that is!)

[Bostonhibby]

Maybe they've made a big unexpected loss in the last 2 months or so?

:agree: they've transferred / laundered it to Edinburgh as the budget for the supermegastadium and the CL win in 2008, oh wait a minute.......

[KerPlunk]

ive got a wee surprise for Hearts fans when they fold. Not givin anything away just now, but i'll make sure im there when they play us the day Vlad is no more.....:wink: (IF they are allowed to play that is!)


Ooh, a Markov umbrella-type plot ? :wink:

[s.a.m]

Ooh, a Markov umbrella-type plot ? :wink:

Maybe he/she's going to paint 'Believe' on his or her torso, rip off their clothing, vault the hoardings and dance naked in front of the Jambos?

[MrSmith]

This is more like an episode of Colombo. We all know whodunnit, and we all know what will happen in the end, it's just that we don't know how or when it will happen.


It all reminds of an old joke:

What is the difference between oral sex and being mugged?

in oral sex you see the *unts coming!

[whiskyhibby]

Just posted on the Vilnius stock exchange web site, the Bank lost 75.0 million LTL (21.7 million Euro) last year.

Not a Knock-out blow more like death by a thousand cuts ! :devil:

Was that the audited or unaudited version

:confused::confused:

[Woody1985]

:agree:

It was a 27 million Lita sale of an (empty) office block in Moscow.

Is it UKIO or at UBIG that own the St Andrews square (IIRC) building?

That'll be next.

I read in the EEN that it was 'at risk' as it's starting to fall into disrepair. :faf:

[Sergey]

Is it UKIO or at UBIG that own the St Andrews square (IIRC) building?

That'll be next.

I read in the EEN that it was 'at risk' as it's starting to fall into disrepair. :faf:

That's an UBIG asset.