Oct. 19 (Bloomberg) -- AB Siauliu Bankas Group posted a nine-month profit after a loss in the year-earlier period.

Net income was 10.72 million litai ($4.29 million), compared with a net loss of 22.95 million litai in the same nine months of 2010, the Siauliai, Lithuania-based lender said in a statement to the stock exchange today.

--Editor: Douglas Lytle

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net