Siauliu bankas is ready to provide its assistance to the clientele of „Snoras“


Siauliu bankas, managed by the European Bank for Reconstruction and Development and Lithuanian investors, regrets about inconveniences incurred by the clients of the bank “Snoras” and is ready to provide the assistance.

The Bank will accelerate the opening of accounts, accessibility to the e-banking services and issue of the payment cards to both corporate and private customers whose accounts are frozen with the bank “Snoras”. The micro-credit programme is offered to the smaller enterprises. Upon necessity the business hours of the Bank’s branches will be extended.

“Recently the banking in Lithuania and its clients have experienced a big shock, but it gave an opportunity to re-assess the situation. Having one of the strongest banks in Europe among our investors we have enough strength and resources to help the people and enterprises that have suffered, thus, contributing to the fortification of the Lithuanian banking”, -says the Chief Executive Officer of Siauliu bankas Audrius Žiugžda.

The European Bank for Reconstruction and Development, the largest single shareholder that has been carefully monitoring the Bank’s activities for six years already, has expressed its confidence in Siauliu bankas. Moreover, two years ago the EBRD assisted Siauliu bankas in overcoming the economy crisis by granting a convertible loan amounting to LTL 103,6 mln (EUR 30 mln).

Established in 1992, Siauliu bankas is the seventh commercial bank by assets in Lithuania. During the first nine months of 2011 its assets have increased by 17% and currently reach LTL 2,74 billion, while the authorized capitals comprises LTL 234,86 mln. The Bank has generated LTL 10,72 mln of net profit over the three quarters of 2011.

The European Bank for Reconstruction and Development, the largest single shareholder of Siauliu bankas, is owned by 61 countries, the European Union and European Investment Bank. The capital of the EBRD reaches LTL 69 billion while the total value of the financed projects comprises LTL 655 billion.