AB Šiaulių bankas signed an agreement with the Ministry of Finance of the Republic of Lithuania on the World Bank loan to support the financing of enterprises and private sector.
The LTL 34,021 authorized capital of Šiaulių Bankas was registered.
The bank was granted the right to service the credit line extended under the European Union PHARE programme to finance small and medium-sized businesses.
The company Price Waterhouse Coopers started auditing Šiaulių bankas.
The first branch of the bank was registered. Šiaulių bankas started developing its network of territorial outlets in Lithuania.
An agreement regarding Svensk signed.
The service of a credit line from the International Monetary Fund launched.
The first correspondent account is opened with Svenska Handelsbanken, later – with Bankers Trust Company.
Šiaulių bankas joined the Lithuanian Commercial Banks Association.
AB Šiaulių Bankas is registered with the capital of RUB 16 million (LTL 160 thousand).
An agreement establishing the bank signed. The company Šiaulių bankas established on the basis of Šiauliai Industrial Department of the Bank of Lithuania that existed at the time.