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Šiaulių Bankas plans to increase its share capital

Šiaulių banko skyrius Kaune
Eriko Ovčarenko / 15min nuotr. / Šiaulių banko skyrius Kaune
Šaltinis: BNS
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Lithuania's Šiaulių Bankas is planning to increase its authorized share capital after taking over the "good" part of Ūkio Bankas.

Šiaulių Bankas' shareholders are to decide on a capital increase during their general meeting scheduled for March 28, according to the bank which has recently taken over around 2.7 billion litas (EUR 783m) of the collapsed lender's assets and liabilities.

In its statement published on the NASDAQ OMX Vilnius website, it gave no details as to the size and form of the planned capital increase.

Šiaulių Bankas, which is controlled by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, last increased its capital to 234.858 million litas through a new 30-million-litas share issue in 2011.

Seventeen shareholders, acting in concert, held a combined stake of 43.17 percent in Šiaulių Bankas at the end of 2012, including the EBRD with 19.57 percent.

Šiaulių Bankas is quoted on the blue-chip Main List of the Vilnius stock exchange.

BNS
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