Significant Events and Dates
At the end of 2018, customers of Šiaulių Bankas were provided with the opportunity to login to the on-line banking via the Smart-ID applet, which allows banking operations with a smartphone or tablet. Smart-ID is a simple and secure authentication tool allowing conveniently using electronic services.
From 6 December 2018 Šiaulių Bankas bonds are listed on the Baltic Debt Securities List of Nasdaq Vilnius Stock Exchange.
Šiaulių Bankas is the most active bank providing guarantees to farmers. According to the data of the Agricultural Loan Guarantee Fund (EAGGF), more than one fifth (21%) of all loans with guarantees to farmers, rural entrepreneurs and agricultural processors in 2018 were issued by Šiaulių Bankas.
The Meeting Shareholders of Šiaulių Bankas approved the proposal of the Bank's Board to increase the Bank's authorized capital by 16.571 million euros with additional contributions issuing 57.14 million of ordinary registered shares. All new issue shares were acquired by the European Bank for Reconstruction and Development (EBRD) using the option of converting the subordinated loan into Šiaulių Bankas shares.
Šiaulių Bankas has become the main sponsor of Šiauliai Basketball Club. "Šiauliai“ and Šiaulių Bankas signed a cooperation agreement until the end of the season 2018-2019.
Šiaulių Bankas and the European Investment Bank (EIB) agreed on additional contributions for the refurbishment and modernisation of multi-apartment buildings in Lithuania. EUR 50 million which Šiaulių Bankas contributed to the Jessica II fund allow seeking higher energy efficiency standards for at least 4,000 apartments.
At annual awards called Service of the Year facility of Šiaulių Bankas for business financed by the European Strategic Investment Fund won a Grand Prix - it has been recognized as the Service of the Year and also won the nomination of the Financial Service of the Year.
Šiaulių Bankas signed a 1,500th agreement to finance the renovation of a multi-apartment house. The credit agreement for renovation of the house located on Aukštaičių street in Ignalina has been signed with the company Ignalina Butų Ūkis. Two of the three renovated apartment houses in Lithuania are financed by Šiaulių Bankas.
On 9 January
The Bank announced about a new on-line option for private customers having the agreements with the life insurance company Bonum Publicum UAB patronized by the Bank allowing to conveniently review insurance agreement and execute other transactions via on-line banking system SB Linija.
On 11 January
The final round of the Year Prestigious European Business Awards started where the Bank among the companies was claiming for The ELITE Award for Growth Strategy of the Year.
On 16 January
It was announced that the Bank and the European Investment Fund (EIF) signed a loan agreement under which EUR 25 million would be provided to small and medium-sized enterprises and small mid-caps in Lithuania.
On 30 January
The Bank announced that its private customers were provided with the possibility to economically and conveniently use of the basic banking services subscribing to one of the following service plans which met their needs at most: Modern, Maximum,Traditional with a discount For Loyal or For Seniors or a free plan For the Youth.
At the end of January
The Bank took the second place in the nomination Member of the Year in the Baltic Market Awards annually arranged by Nasdaq.
On 1 February
The Bank's private customers can choose a basic account service for a monthly fee with a 50 per cent discount applicable to the socially supported people.
On 3 February
The results of the survey conducted by company Dive Lietuva (Slapto pirkėjo tyrimai UAB) indicated that the Bank's general customer satisfaction indicator growing for a few recent years reached 95.7 per cent. This is the second best result among all 7 banks operating in Lithuania.
On 6 February
The holders of MasterCard payment cards issued by the Bank were offered to subscribe to the securities programme assuring additional protection to money on the card account.
On 13 February
It was announced that the prestigious Great Britain's magazine Global Banking & Finance Review recognized the Bank as the Best SME bank in Lithuania 2016.
On 28 February
The announced Bank's annual results reflect continuous development and sustainable growth with the biggest ever profit earned in the history of the Bank.
On 1 March
Introducing service plans for business the Bank offered a new pricing to daily banking services to its corporate customers. These plans for business stand out in the markets for their very competitive pricing and are adjusted to the needs of companies by their size.
On 16 March
It was announced that the Bank signed the agreement with the European Investment Bank (EIB) regarding new aids to the multi-apartment building renovation programme. It is planned that 90 million euros from Jessica II funds , 60 million of which is contributed by the Bank will assist to achieve higher energy consumption standards for no less than 9 thousand apartments.
On 20 March
The Bank invites its private clients to take advantage of the exceptional financing option The Credit of Opportunities consisting of three ways to borrow: a consumer credit of the Bank or a consumer credit of SB Lizingas, MasterCard Gold credit card with a credit limit or SB Lizingas payment card and car leasing of the Bank.
On 21 March
International magazine Global Finance selected top banking performers in emerging markets in Central and Eastern Europe and recognized the Bank as the best bank in Lithuania.
On 24 March
The Bank informed on amendments to payment procedures which would becomes effective since April 2017.
At the end of March
During the Europe's Money Week dedicated to the children's financial education the Bank published funny educational video series about the history of Lithuanian money on its Facebook and Youtube accounts.
On 30 March
Annual information for 2016 consisting of the audited financial statements of the Bank and the Group, the independent auditor's report and the consolidated annual report was published.
During the meeting of the Bank's shareholders held on 30 March
The shareholders approved the Board's proposal to increase the authorized capital by 21.9 million euros issuing 75.5 million of ordinary registered shares with 0.29 euro nominal value each from the Bank own funds.
On 3 April
Non-contact payment cards are issued to customers of Šiaulių bankas, which can be used to pay for goods and services without entering a PIN code when the amount of payment does not reach 10 euros.
On 19 April
In order to encourage residents to stimulate use of the card, Šiaulių bankas carries out the campaign Pay with Mastercard and go to Japan. During this campaign, clients who pay with MasterCard at least 5 times a week can win 10 weekly cash prizes or the grand prize, a week-long journey to Japan for two people.
On 26 April
Residents and companies purchasing assets by Šiaulių bankas leasing are provided with access to leasing with insurance service. When it is selected, insurance premiums do not increase throughout the insurance period and are paid together with leasing payments.
On 8 May
Šiaulių bankas group announces 2017 1st quarter performance results. The year started successfully: the bank group earned 13.4 million Eur, the bank 15.2 million Eur net profit, net service and commission income increased by 13 per cent; the return on value depreciation expense had a positive effect on the results.
On 9 May
In May, the month of family, in order to stimulate fostering of family values and community, Šiaulių bankas invites residents to participate in the Family Desire Workshop moulding competition on its Facebook account.
On 23 May
Šiaulių bankas presents an updated basket of savings services: taking into account the need for saving during a certain period of life, the bank's savings measures are divided into three stages: accumulation, growth and employment of savings. Alongside, the bank offers the new deposit, the fixed term deposit PLIUS, which receives higher fixed annual interest than those prevailing in the market.
On 9 June
Jurgita Simanavičiūtė starts managing Šiaulių bankas Personnel Department. The new director of this department has 12 years of experience in the field of human resources. She gained it starting in 2007 in Švyturys-Utenos alus UAB belonging to Carlsberg Group, where she was working as Human Resources Director in recent years.
On 14 June
Vytautas Sinius, Chief Executive Officer of Šiaulių Bankas, presents the activities of the bank in a meeting with investors of the companies listed on the stock exchange of the traditional Nasdaq Baltic Market.
On 21 June
After Šiaulių bankas and Investicijų ir verslo garantijos UAB (Invega) signed two new contracts for portfolio guarantees financed by the European Regional Development Fund, Šiaulių bankas invites small and medium-sized enterprises to apply for credit and leasing with Invega portfolio guarantee.
At the end of December the Bank's employees granted a hundred modern digital TV sets to three Lithuanian public charity and aid organizations - Caritas, Save the Children and the Lithuanian Samaritan community. TV sets were distributed among the centres and units of these organizations as well as to the deprived living in 20 locations throughout Lithuania.
On 13 December
As alternative to the low deposit interest environment the Bank introduced a fixed-term deposit whose interest rate is linked to financial assets - the agricultural raw material price indices.
On 08 December
The Banker issued by Great Britain’s daily newspaper The Financial Times announced the Bank as the Best Bank in Lithuania 2016. This is the third award of the prestigious business magazine granted to the Bank.
On 05 December
The Bank as the social partner of the Vytautas Magnus University (VMU) granted a nominal scholarship to a student of the Vytautas Magnus University (VMU) for the eight time in a row.
On 02 December
It was announced that the Bank signed the first loan agreement with the safe production company Seifuva under the new innovative business facility InnovFin . EUR 689 thousand were granted to the company for investments into advanced production system.
On 30 November
Deputy Chief Executive Officer of the Bank Donatas Savickas presented the Bank's activities and prospects during the meeting between investors and CEOs of the companies listed on the Nasdaq Vilnius Stock Exchange.
On 30 November
The Bank announced about the changes related to the provided services and fees. Since 12 December the Bank's private customers were provided with the possibility to economically and conveniently use of the basic banking services subscribing to one of the following service plans which met their needs at most: Modern, Maximum,Traditional with a discount For Loyal or For Seniors or a free plan For the Youth. Since that date private and corporate customers can also order security programme to any payment card issued by the Bank which is useful if the card is lost.
On 11 November
The Bank and one of the largest consumer leasing companies SB Lizingas introduced a new MasterCard card which allows convenient purchase of goods and services on a lease.
On 10 November
In the traditional competition Car of the Year the Bank as the competition partner announced about its second nomination The Dream Comes True with 10 cars competing against each other.
On 28 October
The Bank and MasterCard, its strategic partner in issuance of payment cards and provision of card-related services, invited the cardholders to know the world and enjoy experiences with the programme Priceless Cities.
On 29 September
The European Investment Fund and the Bank signed an agreement to enhance access to finance to innovative small and medium-sized enterprises in Lithuania. This transaction benefits from the support of the European Fund for Strategic Investments, the heart of the Investment Plan for Europe.
On 15 September
The Bank had been selected among top ten European companies in European Business Awards claiming for The ELITE Award for Growth Strategy of the Year.
On 07 September
The Bank received a special certificate For introduction of employees’ mutual service quality and performance assessment system at the National Responsible Business Awards arranged by Social Security and Labour Ministry.
On 5 September
The Bank launched its new structural saving facility, i.e. a fixed-term deposit with additional interest linked to financial assets - to the oil sector companies' share rates. The deposit of such type was distributed for the period of one month.
On 31 August
The Banks informed on resuming the car leasing terms to natural persons, and providing an opportunity to its clients acquire a car by lease without a down payment.
On 16 August
The Bank supplemented a range of its services with the life risk insurance service Safe Family which at favourable terms is rendered to the Bank's clients by the life insurance company Bonum Publicum UAB.
On 28 July
Six new cash accepting ATMs were installed in the major cities of Lithuania as a result of the ATM network update, thus,giving even more self-service options to the Bank's clients.
On 16 June
Moody’s Investors Service LTD announced the better ratings of the Bank: the long-term deposit rating improved from to Ba1 from Ba2, the rating outlook was stable.
On 27 May
The Bank signed a cooperation agreement with the European Investment Bank (EIB) under which EUR 80 million were additionally contributed to the multi-apartment building renovation programme (EUR 40 million from the Bank's funds and EUR 40 million from the EIB's funds).
On 26 May
The amended Charter of the Bank with the authorized capital increased up to EUR 109 471 658.33 was registered at the the Registry of Legal Entities. The Bank's authorized capital was increased in accordance with the resolution of the Ordinary Meeting of Shareholders held on 30 March 2016.
Between 16 May and 18 September
The Bank invited its private customers to take advantage of the exclusive facility A Credit of Opportunities.
From 12 May
The clients of the on-line banking system SB Linija were provided with an extra- service allowing to trade in securities in the Baltic markets.
On 09 May
Following the resolution of the Director of the Supervisory Service of the Bank of Lithuania Darius Šulnis and Martynas Česnavičius were allowed to become the members of the Supervisory Council of the Bank. The members of the Supervisory Council were elected for the new tenure during the General meeting of shareholders held on 30 March 2016.
On 26 April
The Bank's Board passed a resolution to start the liquidation process of the subsidiaries Investicinio Turto Valdymas UAB and Trade Project UAB directly controlled by the Bank and Žalgirio Sporto Arena UAB indirectly controlled by the Bank.
On 22 April
The Bank signed an amendment to the cooperation agreement with the European Investment Bank and a pre-financing agreement under which the Bank acquired a right to assign 30 million euros from its own funds to finance modernization projects.
On 19 April
It was announced that the General meeting of shareholders held on 30 March 2016 approved allocation of profit of the Bank which included payment of dividends.
On 30 March
A resolution to increase the Bank's authorized capital by 18.2 million euros from the Bank's retained earnings was passed during the General Meeting of Shareholders of the Bank. After the share issue the authorized capital of the Bank grew up to 109.5 million euros.
On 21 March
The magazine Global Finance selected top banking performers in emerging markets in Central and Eastern Europe for the twenty-third year and recognized the Bank as the best bank in Lithuania.
On February 23
It was announced that in order to increase on-line payment security the clients would have to sign some of the transaction on the on-line banking system SB Linija with an additional password sent by SMS.
On January 29
In order to ensure the higher security of electronic settlement transactions, the Bank provided the possibility to register payment cards on the secure on-line payment programme MasterCard SecureCode.
On January 25
It was announced that big companies may receive the loans issued by the Bank with the guarantees provided by Investment and Business Guarantees (INVEGA).
On January 11
The Bank announced about a new e-invoice service which replaced a direct debit service previously rendered by the Bank which failed complying the requirements set to the payment orders in euros in the SEPA environment.
From 01 January
The range of financing services provided by the Bank encompasses leasing services with respect to vehicles and other large property rendered to private and corporate customers previously provided by Šiaulių Banko Lizingas UAB patronized by the Bank.
The Bank has started the year 2016 successfully implementing all changes associated with accession to the Single Euro Payments Area (SEPA) allowing the clients in Lithuania as well as in other member states belonging to the SEPA to transfer the funds in euros in unified formats, scope of information and in compliance with the same regulations.
At the end of December
Tthe Bank was ready to smoothly join the Single Euro Payments Area (SEPA). Clients were notified of future developments in payment services.
On 22 December
Tthe Bank announced that from the beginning of next year starting to render the services of Šiaulių Banko Lizingas UAB it would complement the range of its directly provided financial services with vehicle and other large-scale asset leasing services to private and business customers.
On 21 December
The Bank completed its merger with the bank Finasta AB and brokerage firm Finasta AB. Following the reorganization, the registration of the companies with the Register of Legal Entities and their licenses were cancelled and all their assets, rights and obligations were taken over by the Bank.
On 17 December
A notice of the Bank of Lithuania was received whereby the Bank was recognised as other systematically important institution accordingly it was subject to additional capital buffer applied to other systematically important institutions, i.e. 0.5 percent of the total risk exposure amount. This capital buffer must be accumulated by 31 December 2016.
On 4 December
The International Banker Magazine published by the Financial Times declared the Bank The Best Bank of Lithuania 2015. It was the second time that the Bank received this prestigious award.
On 1 December and 7 December
The Bank of Lithuania authorized the reorganization of the Finasta AB bank and brokerage firm Finasta AB respectively, by merging them with the Bank.
On 1 December
The Bank launched the campaign A Great Place to Gain a Credit Card, during which clients were offered favourable terms and conditions of MasterCard credit card issuance and use. Since the beginning of December, the Bank has offered the two new types of accounts: a fixed-term savings account and a cumulative deposit account.
The Bank became a partner in The Car of the Year 2016 traditional competition by nominating the most sensible car for an Optimum Choice Award.
On 30 October
The Bank announced the terms and conditions of a new e-invoice service.
On 19 October
The Bank was declared the leader of the guaranteed loans granted to farmers in Lithuania. In collaboration with the Agricultural Credit Guarantee Fund, the Bank granted over 40 percent of the total amount of the given type of credit in the country over three quarters of the year.
On 1 October
The Bank announced that as of that date, the Bank has been using the minimum 9 percent Common Equity Tier 1 ratio and the total capital adequacy ratio of 12.5 percent, covering the capital conservation buffer and an additional capital requirement, in accordance with Regulation (EU) No. 575/2013 and the general provisions of the supervisory review and evaluation process approved by the Board of the Bank of Lithuania.
On 23 September
The Management Board of the Bank adopted a decision to reorganize the bank Finasta AB and brokerage firm Finasta AB by way of merger with the Bank. The terms and conditions of reorganization and the Charter of the Bank following the reorganization were approved.
On 14 September
The amended Charter of the Bank, including the authorized capital increased up to 91,226,381.99 euros, were registered with the Register of Legal Entities. Invalda INVL AB purchased all shares by offsetting which accounted for the Bank's debt of 6,182,581.99 Euros due to the company for the purchase of the Finasta AB bank and brokerage firm Finasta AB.
On 14 September
The Bank joined Information System of Cash-Flow Restrictions (Lithuanian abbr. PLAIS) developed by the State Enterprise Centre of Registers.
From 7 to 14 December
The Bank arranged free seminars The Single Euro Payments Area (SEPA) and its Requirements for business clients in Vilnius, Kaunas, Klaipėda and Šiauliai.
As of 1 September
The Bank and the Lithuanian branch of the ERGO Insurance SE insurance company have offered the MasterCard Gold and Visa Gold holders better terms of insurance and a few new types of coverage under travel and money insurance contracts concluded between the Bank and ERGO Insurance SE Lithuanian branch.
At the end of August
Having updated the mobile banking application, the Bank was one of the first banks in Lithuania to give its clients the opportunity to pay installments and taxes by cell phone.
On 17 August
It was declared that the Bank had signed an agreement for the allocation of additional 68 million euros from Jessica II Fund to the renovation of 350 apartment houses. In addition, the Bank agreed to allocate 30 million euros of its own funds to the renovation of another 125 apartment houses.
On 10 August
The Bank introduced the following two new payment cards: the Debit MasterCard and the Debit MasterCard Business, and offered its clients the opportunity to change the PIN code at the network ATMs.
On 17 July
Following permissions obtained from the Competition Board and the Bank of Lithuania, the Bank completed the transaction on the purchase of 100 percent shares of the bank Finasta AB and brokerage firm Finasta AB.
On 22 June
The Extraordinary General Meeting of the Shareholders of the Bank adopted a resolution to increase the authorized capital of the Bank by 6,771,500 euros with additional contributions by issuing 23,350,000 ordinary registered shares with a nominal value of EUR 0.29.
On 17 June
Moody's Investors Service, the international credit rating agency, announced that the Bank's long-term credit rating was upgraded from B1 to Ba2.
On 4 June
The Bank's activities and results were presented in the traditional summit meeting of the leadership of the companies listed on the NASDAQ Stock Exchange and the investors.
On 26 May
The amended Charter of the Bank, including the authorized capital increased up to 85,033,800 euros, were registered with the Register of Legal Entities.
On 11 May
The Bank signed an agreement for purchase of 100 percent shares of the bank Finasta AB from Invalda INVL AB and minority shareholders, and 100 percent shares of brokerage firm Finasta AB from Invalda INVL AB.
On 8 May
Ūkio Banko Lizingas UAB, owned by the Bank, declared to have been renamed to SB lizingas UAB and assured it would continue to provide consumer leasing and hire purchase services.
Clients using Omnitel communication services have been able to get a mobile signature in the Bank units free of charge. Earlier, e-signatures were available in the Bank units only to Tele2 clients.
On 30 April
Žalgirio Sporto Arena UAB, Investicinio Turto Valdymas UAB, and Trade Project UAB, the subsidiary companies of the Bank, entered into contracts for the sale of real estate properties within the territory of Olimpiečių, Rinktinės and Šeimyniškių Streets in Vilnius.
On 2 April
The Bank announced startups enablement with online savings account and formation of the authorized capital.
On 31 March
The Bank launched a new brand strategy and the Bank's updated logo.
On 27 March
The meeting of the Bank's shareholders adopted a resolution to increase the authorized capital of the Bank by 6,733,800 euros (up to 85 million euros) out of the Bank's funds by issuing 23,220,000 ordinary registered shares with a nominal value of EUR 0.29, and to gratuitously distribute them to the shareholders in proportion to the total nominal value of shares held by the shareholders at the end of the accounting day of the meeting.
On 18 March
The Bank arranged celebration of the Client's Day in the Bank units.
On 7 March
The Bank and Invalda LT signed a letter of intent for the potential acquisition of the bank Finasta AB owned by Invalda LT.
Since 17 February
The Bank has introduced a new service: clients can deposit their cash into their payment card accounts free of charge at cash ATMs installed in Akropolis Shopping Centres in Vilnius, Kaunas, Klaipėda and Šiauliai.
the Dive Lietuva Company (Slapto pirkėjo tyrimai UAB) announced the findings of the survey, whereby the Bank client service quality index increased by one fifth in 2014 as compared with 2013.
Since 23 January
The Bank has chosen MasterCard as a strategic partner in providing payment card services, and signed a cooperation agreement.
On December 23
Being the first partner of the European Investment Bank in the country in granting preferential loans for renovation the Bank announced that it contributed EUR 20 million of own funds which would be distributed through the JESSICA holding fund.
On 17 December
The Bank introduced a mobile apps designed for intelligent devices which allows managing funds in the bank's accounts, getting familiar with customer service network and bank's news as well as taking advantage of other relevant services.
On 10 December
In cooperation with the life insurance company PZU Lietuva UAB all the private customers who acquired payment cards from the Bank were insured against accidents worldwide including Lithuania 24 hours per day free of charge.
On 12 November
The Bank joined the educational social campaign initiated by the Bank of Lithuania during which the residents were introduced to the basic principles of how to check whether the euro banknotes are original.
On 30 October
The Bank refused its intention to sell the Ūkio banko lizingas UAB and life insurance company Bonum Publicum UAB which previously had taken over from the failed Ūkio bankas and up to now have been listed as held for sale and decided to classify them as consolidated subsidiary companies.
In cooperation with the Bank of Lithuania, the Bank arranged seminars on preparation for the euro adoption in Lithuania since 01 January 2015 for business people from Vilnius, Kaunas, and Klaipėda.
The international business and finance magazine Global Finance announced the Bank as the safest bank in Lithuania'2014 in the country-by-country category.
On 28 August
The Bank completed the integration process of two banks' IT systems after the transaction of takeover of part of Ūkio bankas' assets and liabilities in 2013 - all accounting processes related to the taken over assets and liabilities were transferred to the Bank' s system.
The German bank Commerzbank has awarded the Bank with Straight-Through Processing Award 2013 for a fully automated and top quality performance of international transactions for the third year in turn.
On 18 August
The Bank joined a Memorandum of Good Business Practice during the the Adoption of the Euro by which it confirmed its obligation to act in compliance with the memorandum principles during the adoption of euro in Lithuania.
The donations boxes have been placed in 66 units of the Bank in cooperation with the public undertaking Projects of Goodwill.
On 17 July
The Bank signed a Memorandum of Understanding on Good Practice during the Preparation for the Adoption of the Euro.
On 30 June
The Bank and Lithuanian Agricultural Advisory Service signed two collaboration agreements.
On 23 June
Nominal scholarship of the Bank was granted to one more student of the Vytautas Magnus University, future master in Economics and Management, for his academic achievements.
On 14 April
A new Bank's customer service point opened in already 39th town of Lithuania - in Šilalė.
On March 31
Provision of the mobile e-signature service was started.
On 28 March
A resolution to increase the bank's authorized capital by LTL 20 million from the bank's own funds and to distribute the newly issued shares among the shareholders free of charge was passed during the General meeting of shareholders of the Bank.
On 19 March
A scholarship of the Bank for academic achievements and constant striving for improvement in the field of studies was granted to the first year master student of the Marketing and International Commerce studies at the VMU Faculty of Economics and Management.
On 30 January
The companies that achieved the best results cooperating with the investors as well as the most active market participants were announced and honoured during the Baltic Market Awards arranged by NASDAQ OMX in Vilnius, Tallinn and Riga. Šiaulių bankas received a nomination of The Challenge of the Year.
29 March 2013
Šiaulių bankas and Vytautas Magnus University (VMU) signed the collaboration agreement . The first year master‘s student of the continuous education under the Finance and Banking study programme at the VMU Faculty of Economics and Management, was granted a nominal scholarship of Šiaulių bankas for the academic achievements and high aspirations in the field of finance and banking studies.
28 March 2013
During the General Shareholders‘ Meeting it was resolved to increase the bank‘s authorized capital from the bank‘s own funds up to LTL 250 000 000 by issuing 15 142 467 new ordinary registered shares.
20 March 2013
Šiaulių bankas became the 24th member of the Baltic market consisting of Estonian, Latvian and Lithuanian stock exchanges and Central Depositories.
25 February 2013
Šiaulių bankas has created a new product for business - „Maestro Business“ payment cards which are very useful and convenient for handling daily business financial affairs.
23 February 2013
Šiauliu Bankas, the temporary administrator of Ūkio bankas and the State undertaking “Deposit and Investment Insurance” have signed a trilateral agreement on the transfer of the part Ūkio bankas’ assets and liabilities to Šiaulių bankas (on18 February 2013the Board of the bank of Lithuania recognized Ūkio bankas as insolvent and permanently revoked its banking licence). After resumption of provision of services to the former clients of Ūkio bankas in 25 outlets of the former Ūkio bankas, the network of Šiaulių bankas increased to 77 outlets operating in36 towns of Lithuania.
07 February 2013
Šiaulių bankas and European Investment Fund extended collaboration - they signed the agreement regarding implementation of renovation of multi-apartment houses. EUR 12 million (LTL 41.4 million) is foreseen to be additionally assigned to Šiaulių bankas.
10 January 2013
At the United Nations development programme in Lithuania project "VARTAI: socialinės ir aplinkosauginės verslo inovacijos" (GATES: social and environmental business innovations) event dedicated at the promotion of corporate regional social responsibility, the bank Šiaulių bankas was awarded for its pro-activeness in representing ideas of responsible business. The bank was nominated the leader of corporate social responsibility in Šiauliai district.
18 December 2012
Šiaulių bankas opened a branch with the earlier working hours in a modern pavilion of Gariūnai marketplace. Gariūnai marketplace customer service branch is the 56th territorial Šiaulių bankas outlet in Lithuania.
12 November 2012
Due to Šiaulių bankas cooperation with UAB Perlo paslaugos, Šiaulių bankas customers are able to withdraw or deposit cash to their payment card accounts at more than 1600 Perlas terminals.
9 November 2012
Vilnius retail and entertainment centre Akropolis welcomed its customers at the 55th outlet of Šiaulių bankas – Vilnius Akropolis Customer Service Branch.
5 November 2012
Šiaulių bankas developed new service packages for Lithuanian farmers. These packages offer favourable conditions for the management of daily financial operations and accident insurance.
4 October 2012
Šiaulių bankas and European Investment Fund signed the renewal of a cooperation agreement. This agreement provides for an additional amount of EUR 20 million (LTL 69.06 million) allocated for the financing of various small and medium-sized business projects.
28 September 2012
Šiaulių bankas and the German bank Commerzbank signed an agreement on the loan of EUR 5 million (over LTL 17 million).
31 August 2012
The German bank Commerzbank awarded Šiaulių bankas with Straight-Through Processing Award 2011 for a fully automated and top quality performance of international transactions.
20 August 2012
UAB Šiaulių banko lizingas and UAB Investicijų ir verslo garantijos (INVEGA) signed a cooperation agreement on leasing guarantees.
9 July 2012
Šiauliai shopping centre Saulės miestas welcomed a new Saulės Customer Service Branch. It is the 54th Šiaulių bankas outlet.
8 June 2012
Šiaulių bankas outlet network welcomes a new outlet – Rotušės Customer Service branch opened in the old-town of Kaunas.
6 April 2012
At the Annual General Assembly Šiauliai Chamber of Commerce, Industry and Crafts honoured and awarded the most successful companies. Šiaulių bankas was awarded the title of Successful Business Company 2011 in the group of large enterprises.
29 March 2012
During Šiaulių bankas ordinary meeting of shareholders the Supervisory Board of the bank elected a first independent member – Ramunė Zabulienė.
20 March 2012
Šiaulių bankas Board, with the aim to optimise the structure of Šiaulių bankas, adopted a decision to acquire up to 100 per cent of UAB Pavasaris shares.
12 March 2012
During the Šiauliai University Social Sciences Faculty graduates' event Šiaulių bankas was awarded the titles "The Most Patriotic Šiauliai Employer" and "The Safest Place to Work".
4 February 2012
Celebrating the 20th anniversary of its activity, Šiaulių bankas organised a social campaign for a retirement home.
27 January 2012
NASDAQ OMX Vilnius Stock Exchange awarded Šiaulių bankas for its progress in cooperating with investors. Šiaulių bankas also received "The Best Broker of 2011" award.
1 December 2011
Šiaulių bankas signed the renewal of the agreement with the European Investment Fund on continuous granting of shared risk loans in the amount of EUR 20 million to Lithuanian small and medium-sized enterprises under JEREMIE initiative.
23 November 2011
European Bank for Reconstruction and Development (EBRD) expressed its confidence in Šiaulių bankas and confirmed its plans to continue its cooperation with the bank and to provide continuous support granting loans to small and medium-sized enterprises.
20 October 2011
Šiaulių bankas joined the ATM network of Ūkio bankas, Citadele bank, Nordea bank and Danske bank.
12 October 2011
Šiaulių bankas launched the procedure of granting of microcredits under the new European microfinancing facility Progress Microfinance.
4 August 2011
The amended Statute of AB Šiaulių bankas with an increased authorised capital in the amount of LTL 234,857,533 (EUR 68,019,443) was registered in the Register of Legal Entities of the Republic of Lithuania.
5 July 2011
A new outlet of Šiaulių bankas was opened in a shopping and leisure centre Akropolis in Klaipėda.
1 July 2011
Šiaulių bankas and a limited partnership Business Angels Fund I signed a cooperation agreement which provided for new financing services to SMEs as well as forms of business assistance.
28 June 2011
European Investment Fund and Šiaulių bankas signed the first agreement under the Progress Microfinance aimed at supporting micro-enterprises in Lithuania. EUR 5 million was allocated for crediting of micro-enterprises in Lithuania.
8 June 2011
EIF and Šiaulių bankas signed a guarantee agreement to finance small and medium-sized enterprises for EUR 25 million.
5 April 2011
Šiauliai Industrialists’ Association awarded Šiaulių bankas for the promotion of Šiauliai city.
1 February 2011
Audrius Žiugžda appointed AB Šiaulių bankas Chief Executive Officer.
25 January 2011
Customer service branch was opened in supermarket Liepa in Klaipėda.
2 December 2010
Šiaulių bankas joined to the global money transfer network of MoneyGram International.
30 November 2010
Šiaulių bankas signed the agreement with the European Investment Bank (EIB) of EUR 15 million regarding the financing of renovation of multi-apartment buildings.
22 June 2010
The amended Statute of AB Šiaulių bankas with an increased authorized capital in the amount of LTL 204,857,533 (EUR 59,380,843) was registered in the Register of Legal Entities of the Republic of Lithuania.
31 May 2010
Šiaulių bankas signed the agreement with the European Investment Bank (EIB) regarding the EUR 6 million for the financing of modernization projects of Lithuanian multi-apartment buildings.
23 March 2010
AB Šiaulių bankas acquired 100 percent of UAB SBTF and of UAB Minera shares and voting rights. Prior to the acquisition the companies were the bank subsidiaries and now their activity involves real estate management.
12 February 2010
Šiaulių bankas signed the agreement with the Finance Ministry of the Republic of Lithuania and became the participant of the Government Securities Auction of the Republic of Lithuania.
20 January 2010
European Investment Fund (EIF) signed a cooperation agreement with Šiaulių bankas regarding the granting of credits in the amount of EUR 40 million for Small and Medium Business.
22 December 2009
The last documents signed regarding the receipt of convertible loan in the amount of EUR 30 million from the European Bank for Reconstruction and Development (EBRD).
14 December 2009
NASDAQ OMX Baltic Stock Exchanges in Vilnius, Tallinn and Riga announced the results of the Baltic Market Awards for 2009 of the Baltic Securities. In terms of the provision of information Šiaulių bankas is one of the most advanced companies in the Baltic Securities Market.
2 November 2009
In accordance with LTL 100 million non-equity securities programme AB Šiaulių bankas issued a 370-day issue of discounted bonds issue in euro, the total nominal value of which is EUR 7 million.
29 October 2009
According to the Economy Promotion Plan of the Ministry of Economy AB Šiaulių bankas and Investments and Business Guarantees (INVEGA) signed a cooperation agreement on the provision of guarantees for loans for the modernisation of multi-apartment buildings.
19 October 2009
Šiaulių bankas started granting state supported credits to the students of Lithuanian universities and colleges who did not get the state funded places and are on the list of students approved by the Lithuanian State Science and Studies Foundation, who are offered to conclude agreements on the state supported credits.
15 October 2009
Šiaulių bankas in the Ministry of Agriculture Šiaulių bankas signed an agreement of EUR 2.4 million with the Credit fund managed by the Rural Credit Guarantee Fund regarding the target credit, granting preference credits to the agricultural sector.
14 October 2009
Šiaulių bankas signed an agreement with European Bank for Reconstruction and Development (ERBD) concerning allocation of the convertible loan of EUR 30 million to AB Šiaulių bankas. The Board of Directors of EBRD approved this loan in August.
1 October 2009
At the meeting of leaders of quoted companies with the investors AB Šiaulių bankas made a presentation on its activity, results and prospects.
18 September 2009
Šiaulių bankas, upon winning the tender announced by the Ministry of Economy of the Republic of Lithuania and Investments and Business Guarantees (INVEGA) for partial allocation of the Lithuania’s state budget for granting credits to Small and Medium Business, successfully accomplished the process of granting of funds under the state’s supported first stage small credits programme.
10 September 2009
Cooperating with the European Investment Fund (EIF) Šiaulių bankas launched the implementation of a new financial facility, which allowed providing easier funding to very small, small and medium-sized enterprises. The EIF selected Šiaulių bankas to grant risk sharing loans and projected to assign EUR 20 million (LTL 69 million) from the JEREMIE’s controlling fund.
19 August 2009
Šiaulių bankas won the selection of banks announced by the Ministry of Finance of the Republic of Lithuania to grant state supported credits to students.
6 August 2009
EBRD granted a convertible loan of EUR 30 million to Šiaulių Bankas. The obtained funds will be used for financing small and medium-sized businesses (SMEs) and for the development of infrastructure projects of public undertakings and private enterprises of municipal and regional importance.
27 July 2009
Šiaulių bankas started issuing business payment cards to the Communities of Tenement House Owners (CTHO).
14 July 2009
Šiaulių bankas and Investment and Business Guarantees UAB (INVEGA) signed an Open Credit Line Agreement, according to which the Bank will be able to grant credits to SMEs from the Open Credit Fund.
10 July 2009
The bank completed the distribution of the second bond issue under the programme of Non-equity Securities in the amount of LTL 100 million, the base prospectus of which was approved by Securities Commission of the Republic of Lithuania on 11 February 2009. 12,198 units of discounted bonds of EUR 100 nominal value were distributed (securities ISIN code LT100401240). Total nominal value – EUR 1,219,800.
26 June 2009
Šiaulių bankas and Investment and Business Guarantees UAB (INVEGA) signed a bilateral agreement on granting credits with the INVEGA guarantee not only to very small, small and medium-sized enterprises, but also to large enterprises encountering temporal financial difficulties.
26 June 2009
The international rating agency Moody's Investors Service established the following reviewed ratings of AB Šiaulių bankas: long-term deposit rating – Ba3, short-term deposit rating – NP, financial capacity rating – D. The outlook on long-term deposit rating and financial capacity rating is negative.
22 June 2009
Šiaulių bankas started the distribution of one-year discounted bond issue in the amount of EUR 10 million under the programme of non-equity securities of LTL 100 million of the bank.
13 May 2009
Šiaulių bankas and Investment and Business Guarantees UAB (INVEGA) signed an agreement regarding the second stage of small credit granting to small and medium-sized business. The amount of LTL 35 million was allocated to Šiaulių bankas to grant small credits; this was the largest amount among the banks winning the tender.
11 May 2009
Šiaulių bankas started public trading of the first half-year discounted bond issue in the amount of EUR 10 million in accordance with LTL 100 million non-equity securities programme, the base prospectus of which was approved by the Securities Commission of the Republic of Lithuania on 11-02-2009.
7 May 2009
Šiaulių bankas took the first place in the rank for "Provision of small credits – stage 2" and was granted the maximum amount per applicant, i. e., LTL 35 million .
10 April 2009
Šiaulių bankas won the tender arranged by the Ministry of Economy of the Republic of Lithuania and Investicijų ir verslo garantijos UAB (INVEGA) for the portion of the budget assignments intended to credit small and medium-sized business. Šiaulių bankas received LTL 8 million for small credit granting.
30 March 2009
AB Šiaulių bankas acquired 100 percent of UAB Šiaulių banko investicijų valdymas (SB Investment Management) authorized capital and voting rights and 100 percent of UAB Šiaulių banko turto fondas authorized capital and voting rights.
6 March 2009
A new Customer Service Branch was opened in Šiauliai shopping and leisure centre Akropolis.
11 February 2009
The Securities Commission approved the base prospectus for AB Šiaulių bankas non-equity securities in the amount of LTL 100 million.
17 November 2008
Customer service branch was opened in Varėna.
14 November 2008
Šiaulių bankas won the third place in the competition The Most Attractive Šiauliai Employer 2008.
28 August 2008
A second customer service branch was opened in Visaginas.
25 June 2008
Šiaulių bankas signed an agreement regarding a syndicated loan of EUR 20 million. The loan was granted by HSH Nordbank AG from Germany and Raiffaisen Zentralbank Osterreich AG from Austria.
2 June 2008
Šiaulių bankas introduced a Child's Deposit.
29 May 2008
Šiaulių bankas and Public Institution Lithuanian Innovation Centre signed a collaboration agreement to promote innovations in business.
14 May 2008
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania. The bank's authorized capital after the increase reached the amount of LTL 180,357,533 (EUR 52,235,152).
10 April 2008
Šiaulių bankas has been included into TOP ten companies of the annual Praise Good Service! campaign.
26 March 2008
The third customer service branch was opened in a shopping centre in Vilnius.
18 March 2008
The second customer service branch was opened in Panevėžys.
3 March 2008
One more customer service branch was opened in Kaunas.
26 February 2008
A customer service branch was opened in Šiauliai, in a shopping centre Arena.
19 February 2008
Customer service branches were opened in Kupiškis and Rokiškis.
12 February 2008
The 5th customer service branch was opened in Klaipėda.
22 January 2008
The 8th customer service branch was opened in Vilnius.
21 December 2007
The 1st customer service branch was opened in a shopping centre in Šiauliai.
19 November 2007
Customer service branch was opened in Zarasai.
25 October 2007
Šiaulių bankas won the competition The Most Attractive Šiauliai Employer 2007.
9 October 2007
Šiaulių bankas started distributing units of four more investment funds: DnB NORD Equity fund of funds, DnB NORD bond fund, DnB NORD money market fund and Prudentis Baltic Fund.
28 September 2007
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania on 28 September 2007. The bank's authorized capital after the increase reached the amount of LTL 161,033,512 (EUR 46,638,529).
14 September 2007
The 50th customer service branch opened in Vilnius.
27 August 2007
Šiaulių bankas started providing a new service – Credit for Studies.
2 July 2007
The shares of Šiaulių bankas have been enrolled into the trading index OMX Baltic 10 (OMXB 10) of the Baltic States securities market.
22 June 2007
The bank has signed the largest syndicated commercial loan amounting to EUR 30 million, which has been granted by thirteen European banks.
14 May 2007
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania on 14 May 2007. The bank’s authorized capital after the increase from the bank's funds reached the amount of LTL 121,033,512.
24 April 2007
An agreement on the sale of a shareholding of 99.86 % of one of the bank’s subsidiaries Pajūrio Alka UAB was signed.
8 April 2007
AB Šiaulių bankas in cooperation with AB Lietuvos draudimas presented a new Visa Electron payment card to the market with insurance valid both abroad and in Lithuania.
29 March 2007
The shareholders of AB Šiaulių bankas made a decision to increase the bank’s authorized capital by LTL 52 million, i. e., up to LTL 161 million from the bank’s own funds and additional contributions.
21 March 2007
Šiaulių bankas signed an agreement with the Council of Europe Development Bank regarding the credit line of EUR 10 million to finance small and medium-sized business.
24 February 2007
The International Rating Agency Moody's published the following higher ratings of Šiaulių bankas: long-term deposit was increased to Ba2 and financial capacity rating – to D. Short-term deposit rating – NP and long-term rating outlook was considered as stable.
21 February 2007
Šiaulių bankas signed a collaboration agreement with the Life Insurance and Pension Fund Company “Commercial Union Lietuva” regarding the distribution of pension accumulation services.
14 February 2007
Šiaulių bankas celebrated the 15th anniversary of its activity.
5 January 2007
AB Šiaulių bankas started developing a network of chip ATMs. First 10 ATMs installed in Vilnius, Kaunas, Šiauliai, Klaipėda, Alytus, Druskininkai and Radviliškis.
20 December 2006
The bank signed an agreement according to which six world banks granted a syndicated loan in the amount of EUR 12 million. The organizer of the loan – the European Bank for Reconstruction and Development, its contribution amounted to one third of the loan.
18 December 2006
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania on 18 December 2006. The bank's authorized capital increased from LTL 94 million to LTL 109,039,200.
11 December 2006
As of 11 December AB Šiaulių bankas shares have been quoted on the Official List of Vilnius Stock Exchange.
29 November 2006
AB Šiaulių bankas and German finance and credit company KfW Bankengruppe signed an agreement according to which Šiaulių bankas was granted a credit line in the amount of EUR 10 million (LTL 34,5 million) by KfW to finance municipal infrastructure projects.
20 November 2006.
AB Šiaulių bankas implemented a system of information terminals.
15 November 2006
A new customer service branch opened in Jonava. At the moment the bank services are provided in 49 territorial outlets in 29 towns.
9 November 2006
on 8 November 2006 AB Šiaulių bankas and the company SEB investicijų valdymas, the subsidiary of SEB bankas Group, signed an agreement on the distribution of four investment funds’ units of SEB investicijų valdymas at the branches of Šiaulių bankas.
18 October 2006
The 8th customer service branch was opened in Šiauliai.
18 July 2006
Šiaulių bankas ranked first in the competition for granting microcredits from the state funds. The bank shall be awarded LTL 15 million for granting microcredits, i. e., more than a half of all funds allocated by the Government of the Republic of Lithuania for this programme (LTL 28.8 million in total).
4 July 2006
The Extraordinary Shareholders Meeting of AB Šiaulių bankas held on July 4th resolved to increase the Bank’s authorized capital by LTL 15 million with additional contributions issuing 15 million of ordinary registered shares with nominal value LTL 1 per share. The authorized capital after the increase exceeds the amount of LTL 109 million.
23 June 2006
The International Rating Agency Moody’s assigned a Ba3 rating for long-term deposits, a NP rating for short-term deposits and a D- rating for financial capacity.
31 May 2006
According to the data published in May this year after research of the TOP companies in the Central and Eastern Europe carried out by the magazine Euromoney, the strategy of Šiaulių bankas was recognised as one of the most purposeful and consistent in Lithuania (the 5th place).
22 May 2006
On May 19, 2006, the Securities Commission of Lithuania approved the base prospectus of the programme of Šiaulių bankas regarding debt securities issuance of EUR 45 million in value. Šiaulių bankas launched a non-public distribution of the first bond issue under this programme in the amount of EUR 10 million for a period of two-years. 100,000 of ordinary registered bonds with nominal value of EUR 100 have been distributed.
12 May 2006
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania on 114 May 2006. The bank's authorized capital increased from LTL 84.72 million to LTL 94 million.
5 April 2006
Šiaulių bankas was granted the right to distribute the money of the Republic of Lithuania with the numismatic value.
20 March 2006
New customer service branches were opened in Biržai and Ukmergė. Currently the bank's services are provided in 47 territorial outlets in 28 towns.
8 February 2006
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania on 8 February 2006. The bank's authorized capital after the increase reached the amount of LTL 84,720,000.
13 September 2005
The European Bank for Reconstruction and Development granted a syndicated loan of EUR 12 million to Šiaulių Bankas.
31 August 2005
The amended Statute of AB Šiaulių bankas with an increased authorized capital was registered in the Register of Legal Entities of the Republic of Lithuania. The bank's authorized capital increased from LTL 56 million to LTL 74.72 million.
4 August 2005
Šiaulių bankas introduced chip Visa payment cards.
18 July 2005
Šiaulių bankas distributed the issue of bonds of LTL 20 million of nominal value for the period of 366 days.
A new customer service branch was opened in Kėdainiai marking the opening of the 44th Šiaulių bankas outlet in the 26thLithuanian town.
21 June 2005
AB Šiaulių bankas and Nordic Investment Bank signed an agreement on EUR 2 million credit line for financing small and medium-sized business.
3 June 2005
The bank signed an agreement on the European Bank for Reconstruction and Development (ERBD) investment to AB Šiaulių bankas capital providing for the acquisition of 16.1 percent of the bank's shares by ERPB. European Bank for Reconstruction and Development became the major shareholder of AB Šiaulių bankas.
27 April 2005
AB Šiaulių bankas and the Council of Europe Development Bank signed an agreement on EUR 2.5 million credit line for financing small and medium-sized business.
The international banking publication The Banker provided a high AB Šiaulių bankas rating by announcing a list of 50 fastest growing banks in the Central and Eastern Europe. Šiaulių bankas is ranked 19th in the list, i e., the highest among Baltic States banks mentioned in the list.
21 December 2004
The amended Statute of AB Šiaulių bankas with an increased equity capital was registered in the Register of Legal Entities of the Republic of Lithuania. The bank's equity capital after the increase reached the amount of LTL 56 million.
A new Šiaulių bankas customer service branch was opened in Visaginas.
The 4th Šiaulių bankas customer service branch was opened in Anykščiai.
10 June 2004
The amended Statute of AB Šiaulių bankas with an increased equity capital was registered in the Register of Legal Entities of the Republic of Lithuania. The bank's equity capital after the increase reached the amount of LTL 52.75 million.
The LTL 48,343,940 equity capital of Šiaulių Bankas was registered.
AB Šiaulių bankas and HSH Nordbank AG signed an agreement on granting EUR 3 million credit line to Šiaulių bankas.
It was resolved to liquidate the subsidiary of AB Šiaulių bankas UAB Šiaulių banko faktoringas.
The LTL 43,343,940 equity capital of Šiaulių Bankas was registered.
The 36th AB Šiaulių bankas customer service branch opened in Telšiai. The bank's territorial outlet network expanded to 20 towns.
Šiaulių bankas together with Nordic Investment Bank and the Council of Europe Development Bank started offering credits to small and medium businesses run by women or creating jobs for women.
The bank started providing consumer loans to individual clients.
The LTL 38,021,000 equity capital of Šiaulių Bankas was registered.
Fitch Ratings, an international rating agency, awarded Šiaulių bankas the following ratings: a long term rating B+, a short-term rating B, an individual rating D and support rating 5. The long term rating is estimated as stable.
A secondary Šiaulių bankas company UAB Šiaulių banko turto fondas was established.
A secondary Šiaulių bankas company UAB Šiaulių banko faktoringas was established.
AB Šiaulių bankas signed an agreement with Dresdner Bank AG on granting EUR 1 million line credit to finance clients.
The bank launched the programme for granting micro credits to small and medium-size enterprises.
An agreement was signed between Šiaulių Bankas and European Bank for Reconstruction and Development on granting EUR 2 million loan to credit purchasers, processors and producers of grains.
A new Šiaulių bankas information system Forpost was implemented. All bank branches operate online.
Šiaulių bankas and The European Bank for Reconstruction and Development signed an agreement on granting EUR 5 million credit line to finance small and medium-sized businesses.
A secondary Šiaulių bankas company UAB Šiaulių banko investicijų valdymas (UAB Šiaulių bankas Investment Management) started its operation.
The bank launched e-banking services. E-banking system SB linija was implemented.
The bank issued Maestro and Eurocard / MasterCard payment cards.
A subsidiary of Šiaulių bankas UAB Šiaulių banko lizingas (Šiaulių Bankas Leasing) was established.
Šiaulių bankas became a member of the SWIFT organisation.
The bank joined the EUROPAY International organisation.
AB Šiaulių bankas signed an agreement with the Ministry of Finance of the Republic of Lithuania on the World Bank credit line to finance private agriculture development.
AB Šiaulių bankas signed an agreement with the Ministry of Finance of the Republic of Lithuania on the World Bank loan to support the financing of enterprises and private sector.
The LTL 34,021 authorized capital of Šiaulių Bankas was registered.
The bank was granted the right to service the credit line extended under the European Union PHARE programme to finance small and medium-sized businesses.
The company Price Waterhouse Coopers started auditing Šiaulių bankas.
The first branch of the bank was registered. Šiaulių bankas started developing its network of territorial outlets in Lithuania.
An agreement regarding Svensk signed.
The service of a credit line from the International Monetary Fund launched.
The first correspondent account is opened with Svenska Handelsbanken, later – with Bankers Trust Company.
Šiaulių bankas joined the Lithuanian Commercial Banks Association.
AB Šiaulių Bankas is registered with the capital of RUB 16 million (LTL 160 thousand).
An agreement establishing the bank signed. The company Šiaulių bankas established on the basis of Šiauliai Industrial Department of the Bank of Lithuania that existed at the time.