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Provider: Wright Reports
Provider: Auerbach Grayson & Co., Inc.

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Siauliu bankas AB Announces Further Details Regarding Signed Agreement on Transfer of Ukio Bankas AB Assets, Rights, Transactions and Liabilities

Monday, 25 Feb 2013 07:11am EST 

Siauliu bankas AB announced, in relation to the announcement from February 23, 2013, that the agreement among Siauliu bankas AB, as temporary administrator of Ukio Bankas AB, and the State signed on February 23, 2013 foresees that Siauliu bankas AB shall take over the insured liabilities to the clients in the amount of LTL 2.7 billion. In order to fulfill these liabilities, Siauliu bankas AB shall take over the assets, the value of which is LTL 2.7 billion. The transferred assets by assets classes are allocated as follows: the liquid banking assets of LTL 0.8 billion; the loans, including bonds of the subsidiaries, of LTL 0.8 billion; the Governmental securities issued by the State to fulfill the liabilities of the deposit and investment insurance of LTL 0.8 billion; and other assets of LTL 0.3 billion including subsidiaries Ukio banko lizingas UAB and insurance company Bonum Publicum. 

Company Quote

-0.0020 -0.69%
21 Oct 2014