After inspection, AB Šiaulių bankas was given mandatory order and fined. The Bank of Lithuania performed a planned targeted inspection of the activities of AB Šiaulių bankas, the central bank announced in a press release.
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Šiaulių Bankas – Lithuanian commercial bank, founded in 1992.
Lithuania's Siauliu Bankas' recent announcement about possible strategic changes and the decision to hire consultants to help to look for activity alternatives shows that the bank's board is serious about changes, market participants believe.
Shares of Šiaulių Bankas were in focus on the Nasdaq Vilnius stock exchange on Thursday. with stock worth over 100.000 euros changing hands.
The leaked documents from the Panamanian law firm Mossack Fonseca reveal that Lithuania's Ūkio Bankas served as an intermediary in dubious transactions involving a close friend of Russian President Vladimir Putin.
Lithuania's Financial Crime Investigation Service (FNTT) is to investigate the involvement of Lithuanian banks in offshore deals revealed in the Panama Papers.
Šiaulių bankas was rated as the best bank in Lithuania in 2015 by the international business and financial magazine Global Finance which has been listing the best banks of the Central and Eastern European growing markets for 23 years.
On 18 August, Šiaulių Bankas received a notification from the Bank of Lithuania stating that its Board had passed a resolution endorsing the reorganisation of the bank Finasta AB which will be merged with Šiaulių Bankas AB.
The Lithuanian Programme for Renovation of Multi-Apartment Buildings has reached a strategic turning-point. The Programme, which was funded by the state budget and the European Union Structural Funds till now, has found a private investor - Šiaulių Bankas. The first partner of the European Investmen...
The German bank Commerzbank has awarded Šiaulių Bankas with Straight-Through Processing Award 2013 for a fully automated and top quality performance of international transactions for the third year in turn, Šiaulių Bankas announced.