The company will be paid 1.329 million litas (EUR 0.38m) for its services.
The auditors will have 70 days to determine the price of all types of the bank’s shares to two decimal places.
Analysts say that given the authorities' statements that Snoras‘ liabilities exceed its assets, the bank's shares are likely to be valued at zero, which means that its minority shareholders will lose 100 percent of their investments.
Before nationalization, Snoras’ major shareholders included its executives, Vladimir Antonov with a 68.1-percent stake and Raimondas Baranauskas with a 25.31-percent holding.
