|Randburg.com -> Lithuania|
Tilzes str. 149
Siauliu bankas is a modern commercial bank which started operations in 1992. Since then the bank has expanded not only in terms of assets but also in terms of its services and premises. We are a general purpose bank offering an increasing range of services to corporate, institutional and private customers. We are licensed to perform all kinds of banking operations and services in domestic and foreign currencies. We service Master Card and VISA credit cards and sell Thomas Cook Traveller's Cheques.|
Siauliu bankas is constantly working on improving its technical standards by acquiring modern communication and computer equipment and software.
After starting its operations in a rented building, the bank now owns not only the head office premises in Siauliai but also other administrative buildings in Siauliai, Vilnius, Kursenai and Kelme where its branches are located. We also operate a branch in the Siauliai suburb of Zokniai, the area where, on the site of the former biggest Soviet military airport in Eastern Europe, the Siauliai Free Economic Zone is being established. The successful creation and development of this zone is of high importance to the region and Siauliu Bankas is determined to be in the front line in the development of the zone.
The main objective of Siauliu bankas is to promote the development of the economy of Siauliai city and region by efficiently employing the means entrusted to us by our shareholders, depositors and other investors. We are mainly oriented towards small and medium-size enterprises. We assist our customers in acquiring modern production lines and technological equipment. Besides our traditional lending activities, we also distribute soft loans as agents for the Lithuanian Government, received from the International Monetary Fund, the Swedish Credit organization AB Svensk Exportkredit, and the European Union PHARE program.
In our aim to widen the scope and quality of our services, we employ a devoted and professional staff. To maintain our competence we send our staff on training courses in Lithuania and abroad. Our employees have undergone periods of training in other Baltic countries, Germany, England, the Netherlands, Austria, and Finland. The management structure of the bank is constantly being improved, including with the help of foreign experts.
The Bank's share capital is USD 3 million, 84.4% of which is privately held. The Bank is firmly established amongst the other banks of Lithuania which permanently satisfy risk limiting standards, such as capital adequacy, liquidity and foreign currency open positions. The Bank's accounts are audited yearly by the international auditors "Price Waterhouse" according to international accounting standards.
We have established close links with other Lithuanian banks and a number of banks abroad. At present we have correspondent banks in 13 foreign countries, including Germany, the Netherlands, the USA and Sweden. Our correpondent network is being expanded according to our clients' needs. The Bank is a member of the International Chamber of Commerce -- Lithuania, the National Stock Exchange, the Lithuanian Chamber of Industry and Commerce, and the Association of Commercial Banks of Lithuania.
Siauliu bankas is constantly looking for business partners and investors, both in Lithuania and abroad, with a view to further development and improvement of both the scope and quality of services it offers.
The interior of the retail banking hall.
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