Šiauliai, Lithuania, 2015-10-01 08:00 CEST (GLOBE NEWSWIRE) --
Following the Regulation (EU) No. 575/2013 and general provisions of the Supervisory Review and Evaluation Process approved by the Board of the Bank of Lithuania stating that additional capital requirement can be imposed to any bank, starting 1 October 2015 a minimum common equity Tier I capital adequacy ratio of 9 per cent and a common capital adequacy ratio of 12.5 per cent, including capital conservation buffer and additional capital requirement, shall apply to Šiaulių Bankas AB.
Capital strengthening measures recently implemented by Šiaulių Bankas including the registration of increased authorized capital on 14 September 2015, ensure the due compliance with the capital adequacy ratios. In order to form even bigger reserve, the profit for 1H 2015 reviewed by the independent auditor PricewaterhouseCoopers UAB was included in equity after receiving the permit from the Supervisory Service of the Bank of Lithuania. The impact of the above mentioned measures will be disclosed in the interim information for 9 months published by Šiaulių Bankas.
Chief Executive Officer Vytautas Sinius
Head of Finance and Risk Management Division Donatas Savickas shall provide additional information on the stock event and is available on tel. +370 41 595 602.