Šiauliai, Lithuania, 2016-12-27 15:01 CET (GLOBE NEWSWIRE) --
Šiaulių Bankas AB, company code 112025254, domicile address Tilžės st. 149, Šiauliai.
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 indicating that an additional capital requirement can be set to each bank individually, the additional capital requirement of 1.9 per cent from the total risk weighted exposure amount has been established to Šiaulių Bankas AB from 31 December 2016 (i.e. the additional capital requirement has been reduced by 0.1 percentage points compared to the size effective from 1 October 2015). Taking into account all the requirements applicable to the bank, from 31 December 2016 Šiaulių Bankas AB will be subject to minimum own funds requirements - a minimum common equity Tier I capital adequacy ratio of 9.4 per cent and a total capital adequacy ratio of 12.9 per cent.
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