- Ūkio bankas
Ūkio Bankas is a Lithuanian based bank. Just under one third of the shares are owned by Lithuanian businessman
Vladimir Romanov who is therefore the largest single shareholder but does not own the bank outright. [ [http://www.ub.lt/ShowPage.aspx?MenuC=1917&ShowDoc=inv.akcininku_struktura&PageLang=ENG&PageFontSize= Shareholder listing] ] It is the fifth largest and oldest private bank in Lithuania.The bank is growing rapidly, since the beginning of 2005, Ūkio Bankas has opened 12 branches across Lithuania "(correct as of 26th September 2006)". Ūkio Bankas also has representative offices in
Russia ,Ukraine andKazakhstan , and Romanov is planning to open a branch of the bank inEdinburgh ,Scotland ; the first branch to be located inWestern Europe . [http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/5381840.stm - "BBC News", 26 September 2006]Recently during internet conference on the news portal
Delfi.lt Vladimir Romanov announced his plans of selling his shares to the strategic investor.GE Money , a branch ofGeneral Electric , as one of the possible buyers was mentioned by Romanov [http://www.lhv.lt/news/index.cfm?id=924844 - "LHV", 15 October 2006] .In common with other banks Ūkio Bankas has suffered from the effects of
credit crunch and on 26 August 2008 rating agency Standard & Poor downgraded the banks status from stable to negative [http://www.baltictimes.com/news/articles/21193/, 27 August 2008] .The organisation is the shirt sponsor of
Heart of Midlothian F.C. andFBK Kaunas .ee also
*
Economy of Lithuania References
External links
* [http://www.ub.lt/index.aspx?PageLang=ENG Homepage in English]
* [http://www.ub.lt/ Homepage in Lithuanian]
* [http://www.baltictimes.com/news/articles/21193/]
Wikimedia Foundation. 2010.
