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
EBRD and Latvia has signed Share Purchase Agreements providing that following the increase of equity capital the EBRD will purchase 57,506,825 ordinary shares comprising 25% and 1 share of the Bank's equity capital.
more »
This dreamy scene of money raining down on Wall Street amid a deep recession has given a street artist a big break. Peter Zonis now exhibits his works in the lobby of an office building in New York's midtown Manhattan.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
Within January - March this year, the turnover on the accounts of AB Bank SNORAS payment cards increased by LTL 202 million or 18 per cent and on 31 March this year reached LTL 1.3 billion.
more »
Fitch Ratings affirmed AB DnB NORD Bankas short term borrowing rating F1, individual rating “C/D” and the support rating “1”.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas has changed individual and corporate customers time deposit rates.
more »
The G-20's response to the world food and financial crisis, and efforts to make ACP-EU economic partnership agreements flexible enough to meet development needs, took centre stage at the 17th session of the ACP-EU Joint Parliamentary Assembly in Prague from 4 to 9 April.
more »
European aviation will be governed by more efficient rules, leading to shorter flights, fewer delays and reduced fuel consumption, thanks to the adoption today by the European Parliament of the “Single European Sky II” legislation.
more »
Late payment for work performed, a perennial problem in Europe, is now hampering recovery from recession.
more »
On 8th April 2009 International Rating Agency Fitch Ratings has changed Bank SNORAS Long-Term Issuer Default Rating to ‘B+'.
more »