Economy
Šiaulių Bankas regains leading position on Vilnius stock exchange
Shares of Šiaulių Bankas were in focus on the Nasdaq Vilnius stock exchange on Thursday. with stock worth over 100.000 euros changing hands. […]
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CORPORATE
Lithuania’s banks boost profits despite low interest rates
The beginning of this year has been successful for Lithuania’s banking sector, with most banks reporting profit growth despite historically low interest rates. Finance expert Mantas Valužis said that the good results are surprising given […]
CORPORATE
Vilnius bypass construction may be halted
Vilnius residents and visitors are constantly caught in traffic jams in the city’s main streets, and it has been promised that the Vilnius bypass currently being built will reduce them. However, the construction of this […]
Economy
Lithuania used as transit country for Kremlin’s offshore payments: Panama Papers
The leaked documents from the Panamanian law firm Mossack Fonseca reveal that Lithuania’s Ūkio Bankas served as an intermediary in dubious transactions involving a close friend of Russian President Vladimir Putin. […]
Economy
Lithuanian banks named in Panama Papers face Financial Police probe
Lithuania’s Financial Crime Investigation Service (FNTT) is to investigate the involvement of Lithuanian banks in offshore deals revealed in the Panama Papers. […]
CORPORATE
Global Finance names Šiaulių bank best bank in Lithuania
Šiaulių bankas was rated as the best bank in Lithuania in 2015 by the international business and financial magazine Global Finance which has been listing the best banks of the Central and Eastern European growing markets for 23 years. […]
Economy
Board of Lithuania’s central bank gives consent to reorganisation of bank Finasta
On 18 August, Šiaulių Bankas received a notification from the Bank of Lithuania stating that its Board had passed a resolution endorsing the reorganisation of the bank Finasta AB which will be merged with Šiaulių Bankas AB. […]
Economy
Šiaulių Bankas to participate in renovation programme
The Lithuanian Programme for Renovation of Multi-Apartment Buildings has reached a strategic turning-point. The Programme, which was funded by the state budget and the European Union Structural Funds till now, has found a private investor – Šiaulių Bankas. The first partner of the European Investment Bank in the country in providing preferential renovation loans, Šiaulių Bankas will contribute EUR 20 million of its own resources to be channelled through the JESSICA Holding Fund, the bank said in a statement on 23 December. […]
Economy
Šiaulių Bankas awarded with STP award by Germany’s Commerzbank
The German bank Commerzbank has awarded Šiaulių Bankas with Straight-Through Processing Award 2013 for a fully automated and top quality performance of international transactions for the third year in turn, Šiaulių Bankas announced. […]