The bank started providing consumer loans to individual clients.
The LTL 38,021,000 equity capital of Šiaulių Bankas was registered.
Fitch Ratings, an international rating agency, awarded Šiaulių bankas the following ratings: a long term rating B+, a short-term rating B, an individual rating D and support rating 5. The long term rating is estimated as stable.
A secondary Šiaulių bankas company UAB Šiaulių banko turto fondas was established.
A secondary Šiaulių bankas company UAB Šiaulių banko faktoringas was established.
AB Šiaulių bankas signed an agreement with Dresdner Bank AG on granting EUR 1 million line credit to finance clients.
The bank launched the programme for granting micro credits to small and medium-size enterprises.