OREANDA-NEWS. November 20, 2009. The Board of AB Bank SNORAS decided to establish the bank’s representative office in London. The main function of the bank’s representative office – to provide potential and current clients of the bank in the United Kingdom with the information about the services provided by the bank and the companies of its group, reported the press-centre of Bank SNORAS.

“We appreciate this market and its provided opportunities. In London, which is the second largest financial centre in the world according to influence, the paths of the biggest corporations and investors intersect. Thanks to the representative office, we will be able to easily contact with investors and successfully perform mediation or consultation to corporate companies and private customers both from Lithuania and from Great Britain. Of course, the current clients of Bank SNORAS, who work or have business interests in the United Kingdom, will not be left behind,” says Zorzas Sarafanovicius, the deputy chairman of AB Bank SNORAS Board, the director of Retail Business Division.

The representative office in London will not carry out commercial activity. The main purpose of the representative office – to represent the bank to investors, companies as well as to emigrants and to provide versatile information about Bank SNORAS, its subdivisions in various countries or subsidiary companies. Bank SNORAS representative office will also provide the current and potential clients with the information about investment opportunities both in Lithuania and in Great Britain.

The management of the bank hopes that thanks to the representative office the investors, enterprises or private persons, who have business interests in Lithuania or seek new investment markets, will become interested in Bank SNORAS itself and in the opportunities of investing in Lithuania.

The representative office will be located in the central part, in the financial downtown, at the address: Lombard St. 6, EC3V 9AA, near the Bank of England and the central London Stock Exchange. The following financial giants settled down in this one of the oldest districts of London: KPMG, Ernst & Young, Deloitte & Touche LLP, the banks HSBC, Barclays, Lloyds, TSB Bank, Halifax, the international companies Shell U.K. Limited, BT Group plc., British American Tobacco, Pricewaterhouse Coopers and many other financial and business giants of Great Britain and other countries.

Presently Bank SNORAS is represented abroad by the branches in Estonia and Latvia as well as by the representative offices in Belgium, Czech Republic, Ukraine, and Belarus.