2012-03-06
Bank “Finasta” was allowed to register the articles of association with the indicated increased capital
The Board of the Bank of Lithuania gave permission to bank “Finasta” to register amendments to its articles of association related to the change in the number of shares and the increase of the bank’s authorised capital to LTL 38,000,000 approved by the decision of the sole shareholder of bankas “Finasta” on 9 August 2011.
Currently, the registered authorised capital of bank “Finasta” amounts to LTL 28,000,000, which is divided into 2,800,000 ordinary registered shares. The nominal value of one share is LTL 10. The sole shareholder of bank “Finasta” is AB “Finasta Holding”, which is controled by AB bankas Snoras.
According to bank “Finasta”, the purpose of the increase of capital is the strengthening of the bank’s capital base, taking into account the current turmoil in capital markets. According to the bank, this increase would positively affect the bank’s capital adequacy ratio and enable the bank to accelerate its business expansion (it would make the bank’s crediting activity more active).