This is to notify that on 11 October 2011 the reserve capital of AB DnB NORD Bankas, company code 112029270, VAT payer’s code LT120292716, registered office at J. Basanavičiaus St. 26, Vilnius, the data is collected and stored at the Register of Legal Entities, (hereinafter – the Bank) was increased by EUR 105.5 million (LTL 364.3 million) by monetary contribution of the Bank’s sole shareholder Norway’s DnB NOR Bank ASA. The reserve capital was increased due to the planned early repayment of nine subordinated loans. The largest subordinated loan amounts will be repaid by the Bank to Denmark-based Bank DnB NORD A/S and Norway’s DnB NOR Bank ASA on 12 October.
It is estimated, that as the result of the increase in the reserve capital and repayment of all the subordinated loans the Bank’s capital will increase by LTL 95.1 million (EUR 27.5 million) and its capital adequacy ratio will go up by 1.14 percentage points to 13.5 percent as at the end of 2011. The Bank group’s capital adequacy ratio will increase to 15 percent.
Bjørnar Lund,
the president and the chairman of the Management Boar of AB DnB NORD Bankas
Press Officer of AB DnB NORD Bankas Andrius Vilkancas is authorised to provide additional information on the material event, tel. +370 5 239 3413