to 1998

March 1998
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.

March 1998
The LTL 34,021 authorized capital of Šiaulių Bankas was registered.

August 1995
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.

March 1995
The company Price Waterhouse Coopers started auditing Šiaulių bankas.

December 1994
The first branch of the bank was registered. Šiaulių bankas started developing its network of territorial outlets in Lithuania.

September 1994
An agreement regarding Svensk signed.

March 1994
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.

October 1992
Šiaulių bankas joined the Lithuanian Commercial Banks Association.

February 1992
AB Šiaulių Bankas is registered with the capital of RUB 16 million (LTL 160 thousand).

November 1991
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.