Ūkio
bank
On the eve of the restoration of the independence of Lithuania June,
1989 - representatives of twelve largest companies of Kaunas established
a commercial bank and named it Ukio bankas. This name reflected the
purpose of the new credit institution to finance the market of the
country that had started functioning under the conditions of market
economy. The licence issued to Ukio bankas by the Central bank of Lithuania
carries number one. This witnesses its being the oldest private bank,
which was standing at the beginning of the contemporary commercial
banking of Lithuania and which honourably withstood all tests that
fell to this field.
Ever since its establishment, Ukio bankas has been seeking to fortify
its position as a reliable bank open to innovations. The purpose
of the Bank is to provide qualified classic and modern services to
its clients, be their financial consultants and advisors of their
business as well as by all its activity to add to the implementation
of the principles of modern Western banking based on fair competition,
transparent activity, qualified services in the market of Lithuania.
Sticking to its orientation towards the financing of the economy
of the country, the Bank is at the same time strengthening the basis
of its philosophy: to be a universal bank providing wide range of
services to the companies and residents. The Banks aim of universality
is matched with the exclusive and combined service of stable and
club clients.
Orientation to the ever changing market and the needs of clients
influenced by it is one of the cornerstones of the activity of the
Bank in all stages of its existence. This leads to the modernisation
of information technologies and introduction of new products as well
as with the creation of daughter companies in Lithuania and abroad.
Snoras
bank
The bank SNORAS was founded as Siauliai Regional Bank in 1992.With
the change of the owners in 1993, it was renamed to AB Bankas SNORAS.The
word snoras means a mystic creature-midget, which brings and accumulates
wealth.
The thirteen years of activities made the bank SNORAS the third
largest bank in Lithuania.With the largest and cutting-edge territorial
customer service network in the country: 10 regional branch offices,
208 mini banks, 304 ATMs, AB Bankas SNORAS is successfully strengthening
the leaders positions in retail banking. Striking pace of growth
spurred the influential banking publication The Banker recognise
AB Bankas SNORAS as one of the fastest growing banks in Central Europe
in 2004.
In 2004, the banks earnings made up LTL 20.5 m of net profit, while
the preliminary non-audited profit of 2005 amounts to LTL 40.4 m
of net profit.
The bank SNORAS has its representative offices in Latvia, Estonia,
Russia, the Ukraine and Belarus.
AB Bankas SNORAS is a member of the international bank group Conversgroup.
In September 2005, AB Bankas SNORAS acquired the 83.01 % majority
holding of the oldest Latvian bank Latvijas Krajbanka with the largest
network. AB Bankas SNORAS is also planning the development in other
countries of the European Union.
AB Bankas SNORAS is the fourth largest bank according to the capital
amount and assets owned in Lithuania.The services of the bank are
used by almost every fifth Lithuanian resident, with the banks clientele
numbering approximately 700 000.
AB Bankas SNORAS is orientated towards a retail customer. Implementing
its motto the Closest to Me, AB Bankas SNORAS seeks to become a
bank close to each Lithuanian resident.
Medicinos bank
UAB Medicinos bankas is a commercial bank, providing financial servicing to its
every business and private client in Lithuania from 1992. The activities of the
bank are concentrated to the services of the corporate clients and develops private
and personal banking.
UAB Medicinos bankas has started its trade activities in the city
of Vilnius, and currently has the subsidiaries of client servicing
in regions of Kaunas, Klaipėda, Šiauliai, Panevėžys, Marijampolė
and Tauragė. Bank is expanding the network actively and from the
end of 2004 opened 11 departments of client servicing and the subsidiary
in Panevėžys. Currently the Bank owns 8 subsidiaries and 27 departments
of client servicing.
The Medicinos Bankas Group joins UAB Medicinos bankas, UAB "Medicinos
banko lizingas", providing leasing services in Lithuania as
of 1996 and the UAB "Medicinos banko investicijų valdymas" having
established and operating two pension funds as of the end of 2003.
UAB Medicinos bankas owns 100% of shares of UAB "Medicinos banko
lizingas" and 100% UAB "Medicinos banko investicijų valdymas".
The Medicinos Bankas was among the first banking institutions in
Lithuania offering the Internet banking service IBS to its clients.
The Bank has installed a banking information system functioning in
Oracle RDBMS environment.
The bank is aware of the increasing importance of information technologies
and the increasing number of the IBS users, and thus is addresses
special attention for ensuring the stability and reliability of the
designed and operating information systems.
The Bank has signed the agreements with UAB "Investicijų ir
verslo garantijos" and UAB "Žemės ūkio paskolų garantijų
fondas" regarding the issuing the warranties for the bank. The
Bank cooperated with the National association of shippers of Lithuania "LINAVA" regarding
the issuing the bank warranties.
UAB Medicinos bankas has joined the international initiative Global
Compact, which stimulates the trade companies to operate in accordance
with the principles of human rights, rights of the employees and
preserving the environment and not get involved in the spread of
corruption as of beginning of June 2005.
The Medicinos bankas sponsors the Charity and support fund of Saulius
Karosas, State quartet of Vilnius, young musicians and artists.
The Medicinos bankas exploits its benefits prompt solutions, close
cooperation of officers with clients on any level, flexibility of
service adaptation to the requirements of a particular client, -
and matches its benefits with the expanding financial possibilities
and the enlargind number of customers of the bank. Ban values each
and every clients and strives to establish and maintain a loyal long-term
relationship.
Sampo
bank
SAMPO is Finland's largest financial services group established more than 130
years ago. Today it includes life and non-life insurance companies, a bank and
asset management companies. SAMPO also operates in Estonia, Latvia and Lithuania.
SAMPO Bank is the second largest bank in Finland that services over
1.2 million natural persons and 100,000 legal entities.
IF Non-Life Insurance is Scandinavian leading non-life insurance
company with over 3.8 million clients.
SAMPO launched its operations in Lithuania in 1999 and has bee constantly
expanding since that time. Today SAMPO Group in Lithuania consists
of a bank SAMPO Bankas AB, a life insurance company SAMPO Gyvybės Draudimas
UAB, a leasing company SAMPO Banko Lizingas UAB, an insurance company
IF Draudimas UAB, and SAMPO Baltic Asset
Management.
HVB~Bank
Lietuva
In February 2001 Vereins- und Westbank AG has opened its branch
in Vilnius and in May 2003 the agency in Klaipėda. In January
2005 Vereins- und Westbank AG
has been integrated into Bayerische Hypo- und Vereinsbank AG. Vilnius branch
has changed its name to Bayerische Hypo- und Vereinsbank AG Vilnius branch
and its trademark into HVB~Bank.
HVB Group overtakes the number of independent commercial banks and other
specialist institutions rooted in various markets worldwide. HVB Group in
Central and Eastern
Europe and in Baltic region is represented by the trademark HVB~Bank.
Bank of Lithuania
The Bank of Lithuania is the central bank of the Republic of Lithuania. Its
principal objective is to maintain price stability. In seeking its principal
objective,
the Bank of Lithuania is independent from the Government of the Republic of
Lithuania or other institutions of the state.
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