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Lithuania c.bank suspends small bank Ukio's operations
February 12, 2013 / 12:10 PM / 5 years ago

Lithuania c.bank suspends small bank Ukio's operations

STOCKHOLM, Feb 12 (Reuters) - Lithuania’s central bank said on Tuesday it had decided to suspend the operations of Ukio Bankas after finding it had taken too many risks.

The central bank, which in late 2011 shut another lender, Snoras Bankas, said in a statement it had appointed a temporary administrator for Ukio, whose main shareholder is the owner of Scottish soccer club Hearts, Vladimir Romanov.

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