The Hansabank Group controlled by Swedish Svedbank and the Lithuanian State Property Fund signed an agreement for the purchase of Lietuvos Taupomasis Bankas.
Published:
27 April 2001 y., Friday
On April 23 the Hansabank Group controlled by Swedish Svedbank and the Lithuanian State Property Fund signed an agreement for the purchase of Lietuvos Taupomasis Bankas (Lithuanian Savings Bank).
According to the agreement Hansabank will pay USD 37.5 million for 90.7% of the shares of the Lithuanian Savings Bank and will invest another USD 37.5 million in the coming 18 months. USD 20 million from the new investment will be used to increase the authorized capital and USD 7.5 million – for new information technologies. It has not yet been decided what will be the name of the purchased bank.
The Hansabank Group is a financial organization operating in the Baltic States with assets worth USD 2.5 billion. The Group employs 3,400 people who provide banking services to 1.2 million individual and 80 corporate clients.
Swedish Svedbank is Hansabank’s controlling shareholder with assets worth over USD 100 billion and 5.6 million clients. About 1 million of them use e-banking.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments.
more »
Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania.
more »
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius.
more »
As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market.
more »
The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News.
more »
The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots.
more »
The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine.
more »
A settlement in an international tax dispute that strained U.S. ties with Switzerland.
more »