2000-08-15
1. The Board resolved to remove the Societé Generale Vilnius Branch from the Register of Enterprises of the Republic of Lithuania.
On 16 December 1999 Societé Generale signed a contract with Merita Bank Plc on the sale of assets and liabilities, under which all assets and liabilities of Societé Generale Vilnius Branch were transferred to Merita Bank Plc Vilnius Branch. The operation was completed on 1 May 2000.
2. The Board resolved to register changes to the by-laws of AB Industry Bank related to the change of the name of the Bank into AB Parex Bankas. The Bank will also be issued a banking licence and certificate of registration with the new name of the Bank.
The permission to acquire and manage up to 2/3 of the shares in AB Industry Bank was granted to the Latvian bank AS Parekss-banka on 27 January 2000.
AS Parekss-banka was registered in Latvia on 14 May 1992 and is among the largest banks in the country.