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"Šiauliu bankas" signs agreement on EUR 30 m loan
Lithuanian commercial bank "Šiaulių bankas" has signed an agreement with 13 European banks on a EUR 30 m syndicated loan.

11. July 2007

The loan for Siauliu Bankas was organised by Austrian bank Raiffeisen Zentralbank Österreich and German bank HSH Nordbank.

In addition to these two banks, the loan was given by banks from Germany, Austria, Switzerland, Portugal, Norway, France and Poland.

Over a half of the syndicated loan was given for a period of 3 years and the remaining part of it will have to be paid off in one year. The funds will be used for the development of the bank, financing of small and medium size business.

Source: Verslo žinios, 27 June 2007

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