Central bank gives blessing to merger

Sep 23, 1999
By Paul Beckman

VILNIUS - After nearly two months of fence-sitting, the Bank of Lithuania finally gave the green light to merger plans between two of the country's largest commercial banks.Should the marriage of Vilniaus Bankas and Bankas Hermis go according to plan, the unified entity will emerge as one of the biggest Baltic banks. The two banks had been waiting for central bank approval since July 23.When the banks got word that Vilniaus would be allowed to acquire from two-thirds to 100 percent of Hermis sha ...

forgot password?