Lithuanian businesses get loans from Russian banks

Sberbank
Sputnik/Scanpix

The central Bank of Lithuania has also advised to be cautious with Russian banks.

According to the daily, one of the most recent examples of Russian banks’ operations in Lithuania – a 40-million-euro loan from the Russian state bank, Sberbank, to Baltic Champs Group controlled by Lithuanian businessman Kęstutis Juscius. Juscius has not confirmed the report, however, information available to Verslo Žinios suggests that the loan was provided by Sberbank’s division in Austria, Sberbank Europe.

“I cannot confirm your information that the loan was provided to Baltic Champs Group by Sberbank but I can confirm that the financing of the deal came from a European bank operating from Austria, not a Lithuanian bank,” said Juscius.

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