Regarding the decision of the Competition Coucil

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| Source: DNB Bankas AB
multilang-release

 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 20 December 2012 the Competition Council of the Republic of Lithuania imposed a fine on a security solutions providing company and three Lithuanian banks for the arrangements that unreasonably limited the possibilities of the comany's competitors to operate  in the the cash handling and collection services’ market.
 

AB DNB Bankas was imposed 8.6 million itas (EUR 2.49 million) fine. AB DNB Bankas stands by opinion that it had not violated legal acts on competition and intends  to appeal this decision in the procedure set by the legal acts of the Republic of Lithuania.
 

 Vygintas Bubnys,
executive vice president and deputy chairman of the Management Board of AB DNB bankas

 

 

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