Regarding Statement of Objections by the Competition Council


 AB DNB Bankas,  company code 112029270, VAT payer’s code LT120292716, registered office at J. Basanavičiaus St. 26, Vilnius, the data is collected and stored at the Register of Legal Entities.  hereby notifies that on 16 July 2012 the Bank received a Statement of Objections by the Competition Council of the Republic of Lithuania regarding the investigation performed of the actions of AB DNB Bankas and other legal entities in compliance with the requirements of the Law on Competition of the Republic of Lithuania and Treaty on the Functioning of the European Union.

To the oppinion of the evaluators,  the actions of AB DNB Bankas could have limited competition in the cash collection and handling market. The Statement of Objections does not mean it has been estblished that AB DNB Bankas and/or other legal entities have comitted the infringement.  

The Competition Council shall take the final decision after completing all procedures related  to the investigation. AB DNB Bankas stands by oppinion it has not violated legal acts on competition and shall provide to the Competition Council its arguments to ground the position according to the established procedure.
 

The Laws of the Republic of Lithuania provide that in case the Competition Council acknowledges the evidence of the infringement to be sufficient, it may request to cease the infringement and impose the fine on a legal entity that equals up to 10 percent of the total annual revenue of the last financial year.

Ramūnas Abazorius,
Executive vice president and member of the Management Board of AB DNB bankas

 

         AB DNB Bankas' press officer Andrius Vilkancas is authorised by the Issuer to provide additional information on the material event, tel. +370 5 239 3413