Siauliu Bankas
Notification on material event

CORRECTION: Regarding takeover of Ūkio bankas AB assets, rights, transactions and liabilities

Text in english

Šiauliai, Lithuania, 2013-02-25 13:11 CET --  

The additional information regarding the transferred part of Ūkio bankas’ assets, rights, transactions and liabilities was provided during the press conference arranged by the temporary administrator of Ūkio bankas on February 25, 2013, Chief Executive Officer of Šiaulių bankas Audrius Žiugžda also participated there.

The agreement  among Šiaulių bankas AB, temporary administrator of Ūkio bankas and the State undertaking „Deposit and Investment Insurance“ signed on February 23, 2013 foresees that Šiaulių bankas shall take over the insured liabilities to the clients in the amount of LTL 2.7 billion. In order to fulfil these liabilities Šiaulių bankas shall take over the assets, the value of which is LTL 2.7 billion. The transferred assets by assets classes are allocated as follows (in billion LTL): the liquid banking assets – 0.8; the loans (including bonds of the subsidiaries) - 0.8; the Governmental securities issued by the State to fulfil the liabilities of the „Deposit and Investment Insurance“ – 0.8; other assets – 0.3, including subsidiaries Ūkio banko lizingas UAB and insurance company Bonum Publicum.

Chief Executive Officer Audrius Žiugžda

         Chief Executive Officer Audrius Žiugžda shall provide the additional information and is available on tel. +370 5 263 6157.