Siauliu Bankas - Notification on material event

Moody’s has upgradedlong-term deposit rating of Šiaulių Bankas up to the investment grade

 

On 23 October 2017Moody’s Investors Service announced that it upgraded ratings of Šiaulių Bankas. Long-term deposit rating was improvedto Baa3from Ba1, the rating outlook adjusted to positive.

Moody's indicated that the higher rating was provided to Šiaulių Bankas due to improved operating environment in Lithuania, stable bank's profit indicators and increased capitalization.

Chief Executive Officer          Vytautas Sinius

         Deputy Chief Executive Officer Donatas Savickas provides additional information and is available on tel.: +370 41 595602.