OREANDA-NEWS. November 18, 2009.
1. Permission to register amendments to the Statute of Swedbank, AB and change of the Bank’s licence
The Board of the Bank of Lithuania permitted Swedbank, AB to register amendments to the latter's Statute in relation to the change of the Bank’s headquarters and the increase of the Bank’s share capital to LTL 1 640 080 000, as approved by the decision of its sole shareholder on 28 October 2009, reported the press-centre of Bank of Lithuania.

In addition, it was decided to replace the banking licence issued previously by the Bank of Lithuania to Swedbank, AB with a banking licence in which the Bank’s new registered office is indicated. It was established that this part of the resolution shall become effective as of the day of registering the amendments to the Statute of Swedbank, AB with the Register of Legal Entities.

The sole shareholder of Swedbank, AB, Swedbank, AS, registered in Estonia, decided to increase the Swedbank’s, AB share capital of LTL 845 936 000 with additional contributions up to LTL 1 640 080 000 by way of newly issuing and paying up 79 414 400 units of Swedbank’s, AB ordinary registered shares with the nominal value 10 litas each (the overall nominal amount - LTL 794 144 000). The following conditions for the issuance and payment up of newly issued shares of Swedbank, AB were set: the price for the issuance of a single newly issued share shall be 10 litas; all newly issued shares shall be sold at Swedbank, AS.

In a request from Swedbank AB submitted to the Bank of Lithuania it is pointed out that the Bank’s share capital is being increased “given the current economic situation, viewing the projections for the next year in a conservative manner, and with a view to enhancing the Bank’s capital base, as well as not only ensuring successful compliance with the capital adequacy ratio this year, but also forming an additional capital reserve.”

2. Selling of shares of the Central Securities Depository of Lithuania, PLC
The Board of the Bank of Lithuania decided not to sell the block of shares of the Central Securities Depository of Lithuania, PLC owned by the Bank of Lithuania, which makes up 60 per cent of the company’s authorized capital, as the price for the Depository’s block of shares bid by potential buyers for a public auction did not satisfy the Bank of Lithuania.

The public auction for selling the shares of the Central Securities Depository of Lithuania was announced on 28 August 2009. The Bank of Lithuania then indicated that it reserved itself a right not to sell the shares, if the prices bid by all participant in the auction would not satisfy it.

The Bank of Lithuania received two applications for participation in this public auction. They were submitted by NASDAQ OMX Helsinki OY and a group of 5 persons represented by AB Bankas Finasta.