Notification on material event
Moody’s upgraded long-term deposit rating of Šiaulių Bankas to Baa2
Šiaulių Bankas AB, company code 112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai, Lithuania.
On 16 May 2019 International rating agency Moody's Investors Service announced about upgrade of Šiaulių Bankas ratings. Long-term deposit rating increased from Baa3 to Baa2, rating outlook is stable.
Moody’s specifies that the higher rating for Šiaulių Bankas has been driven by a continued strengthening of the bank’s capitalisation and sustained improvement in profitability supported by lending growth and good margins.
Additional information shall be provided by Head of Risk Management and Reporting Department
Algimantas Gaulia, tel. (+370 37) 372 837.