Siauliu Bankas AB - Notification on material event

Transactions regarding sales of real estate have been concluded

Šiauliai, Lithuania, 2014-03-10 17:21 CET (GLOBE NEWSWIRE) -- 

Implementing its business strategy after taking over part of Ūkio bankas'
assets and liabilities  Šiaulių bankas AB concluded transactions regarding
sales of part of Šiaulių bankas' real estate in order to turn non-banking
assets into the assets generating income and, thus, to increase the
profitability of the bank's performance. 

The total value of the transactions is LTL 20 million (without VAT), while the
price of the real estate objects is close to the value established during the
transfer. 



Chief Executive Officer Vytautas Sinius




         Additional information shall be provided by Chief Executive Officer
Vytautas Sinius by telephone +370 5 2362209