Vilnius, Lithuania, 2011-11-29 16:00 CET (GLOBE NEWSWIRE) -- On 28 November 2011, state enterprise Indėlių ir Investicijų Draudimas announced that insurance compensations to private individuals who held their funds at AB bankas SNORAS will by paid via AB SEB bankas. AB SEB bankas is also announced to be bank that will pay the insurance compensations to legal entities in Vilnius Region.
A contract regarding payment of insurance compensations between AB SEB bankas and state enterprise Indėlių ir Investicijų Draudimas has not been signed yet, negotiations regarding the terms of the contract and preparations are ongoing.
This notification is non-confidential.
Arvydas Žilinskas, Head of Media Relations of AB SEB bankas, tel. +370 5 268 1198, is authorized to provide additional information regarding the material event.
Jonas Iržikevičius, Deputy President of AB SEB bankas, Director of the Business Support Division and CFO.