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Another bank goes under

Feb 20, 2013
From wire reports

VILNIUS - The Bank of Lithuania agreed to the transfer of liabilities and assets of insolvent Ukio Bankas to another bank, reports ELTA. The central bank recognized Ukio as insolvent and permanently terminated its license. Taking into account the conclusion and proposals presented by the temporary administrator, Adomas Azuolas Audickas, regarding the restoration of the stability and reliability of Ukio, the board of the Bank of Lithuania decided to transfer the assets, rights, transactions an ...

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