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On 18 August, Šiaulių Bankas received a notification from the Bank of Lithuania stating that its Board had passed a resolution endorsing the reorganisation of the bank Finasta AB which will be merged with Šiaulių Bankas AB.
Finasta
Finasta
© DELFI / Kiril Čachovskij

Reorganisation of the bank Finasta AB and financial brokerage firm Finasta AB, merging these companies with Šiaulių Bankas by acquisition, can be closed only upon receiving permission from the supervisory authorities. Therefore, after receiving consent from the Bank of Lithuania, Šiaulių Bankas and the companies subject to reorganising, i.e., the bank Finasta AB and financial brokerage firm Finasta AB, will apply to the Bank of Lithuania as required by the laws asking to grant permission for reorganisation.

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