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2010-04-23 Bank SNORAS will issue LTL 10 million loans to farmers
In April this year, Bank SNORAS will start lending the funds planned in the second stage of issuing specific-purpose, guaranteed loans of UAB “Žemės ūkio paskolų garantijos fondo” (ŽŪPGF) to farmers, companies carrying out economic activity and to enterprises engaged in processing of agricultural products. | More
2010-04-20 AB Bank SNORAS plans to provide financial services in Germany
The Bank of Lithuania approved of AB Bank SNORAS intentions to provide financial services in the Federal Republic of Germany without establishing a branch. | More
2010-04-15 International rating agency Fitch Ratings affirmed AB Bank SNORAS ratings
On 14 April this year, the international rating agency Fitch Ratings affirmed the Long-term Issuer Default Rating of AB Bank SNORAS at “B+” with a Stable Outlook. The same rating, i.e. “B+”, was granted for the bank’s Eurobonds issued in May 2007. | More
2010-04-12 Bank SNORAS group consolidates the activity of the Baltic investment companies
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States. On 9th April 2010, Finasta Holding will also unify the investment companies of Latvijas Krājbanka – the oldest bank operating in Latvia – which is also a company of Bank SNORAS group. After the completion of the transaction, Finasta Holding will manage all investment companies of Bank SNORAS group companies in Lithuania and Latvia, including AS IPS “LKB Krājfondi”, “LKB Asset Management”, AS “Pirmais atklātais pensiju fonds” and "Renesource Capital". | More
2010-04-06 Bank SNORAS deposit portfolio exceeded LTL 5 billion
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits. | More
2010-04-01 The approval of AB Bank SNORAS profit distribution
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved. Some part of the profit was allocated for the reserves whose designation is to ensure the reliability, security and continuity of the bank’s activity: LTL 1.3 million was allocated for the compulsory reserve fund, LTL 2 million allocated for the reserve capital to cover possible loan losses. Presently the sum, accumulated in the compulsory and reserve fund, exceeds LTL 38 million. The remaining portion of the profit, according to the decision of the shareholders, was left undistributed and it strengthens the bank’s capital base. | More
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