Šiaulių Bankas AB, company code 112025254, address of the head office Tilžės str. 149, Šiauliai, Lithuania.
According to the resolution passed by the Board of the Bank of Lithuania from 30 June 2019 onwards a countercyclical capital buffer rate of 1.0 (one) per cent shall apply in the Republic of Lithuania.
A countercyclical capital buffer rate of 0.5 per cent shall apply from 31 December 2018. The current capital buffer of Šiaulių Bankas is sufficient; therefore increase of the countercyclical capital buffer rate from 0.5 per cent to 1.0 per cent would not require any additional measures to ensure the fulfilment of the new requirement.
Deputy Chief Executive Officer Donatas Savickas shall provide additional information on the stock event and is available on tel. +37041 595602.
© 2018 GlobeNewswire, Inc. All Rights Reserved.