Ukio Bankas declared insolvent

Lithuania's sixth biggest bank Ukio bankas, suspended last week by the Bank of Lithuania because of irregularities, is declared insolvent with its licence permanently terminated. In this connection, the Bank of Lithuania opened talks on transferring Ukio Bankas assets to the smaller Siauliu Bankas.

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Ukio Bankas declared insolvent

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Ukio Bankas declared insolvent

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