Šiaulių Bankas AB has been recognized as a systematically important institution


Šiauliai, Lithuanis, 2015-12-17 15:30 CET (GLOBE NEWSWIRE) --  

Šiaulių bankas AB, company code 112025254, domicile address Tilžės st. 149, Šiauliai.

On 17 December 2015 Šiaulių Bankas has received a resolution from the Bank of Lithuania indicating that it has been resolved to recognize Šiaulių Bankas AB as a systematically important institution alongside with such other banks as the AB DNB bank,  AB SEB bankas and “Swedbank” , AB. An extra other systemically important institution buffer (O-SII) of 0.5 per cent from the total risk weighted exposure amount shall apply to Šiaulių Bankas AB. Such extra buffer must be accumulated before 31 December 2016.

Chief Executive Officer   Vytautas Sinius

         Head of Finance and Risk Management Division Donatas Savickas shall provide additional information by tel. +370 41 595 602.