Another bank goes under

  • 2013-02-20
  • 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 and liabilities to Siauliu Bankas, operating in Lithuania.The decision was adopted after consi...
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