Vilnius, Lithuania, 2013-06-19 07:20 CEST (GLOBE NEWSWIRE) -- On the 18th of June 2013 the Vilnius Regional Administrative Court adopted a decision whereby inter alia reduced the fine imposed on AB SEB bankas by the Competition Council of the Republic of Lithuania on the 20th of December 2012 for agreements which restricted competition in cash-in-transit (CIT) and cash handling services’ markets from LTL 24 808 200 to LTL 9 923 280. AB SEB bankas will appeal the decision of the Vilnius Regional Administrative Court.
This notification is non-confidential.
Virginijus Doveika, Acting President of AB SEB bankas.
19 June 2013, Vilnius
Ieva Kulvinskaitė, Head of Communication Unit of AB SEB bankas, tel. +370 5 268 2423, is authorized to provide additional information regarding the material event.