Siauliu Bankas second syndicated loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

18 Oct 2006



PSD disclosed:

15 Sep 2006

Project Description

The proposed project will assist Siauliu Bankas (“SB”) in accessing the international syndicated debt market. The second syndicated loan will improve the bank’s asset-liability structure and diversify its funding base enabling SB to continue expansion of its lending activity and implementation its business plan. The funds will be used to provide medium term loans to SB’s private sector corporate customers, most of which are SMEs.

Transition Impact

The proposed project will have positive impact on the Lithuanian economy by supporting the development and expansion of a strong regional bank focused on servicing SMEs. By increasing SB’s visibility in the international syndicated debt markets, the project will enable the client to raise longer term funding independently in the future.

By promoting better access of local companies to medium term finance, the proposed project will also increase financial intermediation in Lithuania, especially in the regions outside the capital city, where SB’s business is focussed.


The Client

AB Siauliu Bankas (“SB”) is the sixth largest bank in Lithuania with total assets of EUR 358 million and equity of EUR 36.8 million.

SB is rated B+ (stable) by Fitch IBCA and Moody’s Ba3.


EBRD Finance

Senior debt for on-lending to private sector corporate customers in the aggregate amount of up to EUR 12 million with an A/B loan structure, B loan to be syndicated.

Project Cost

Up to EUR 12 million.

Environmental Impact

Screened FI. SB is familiar with EBRD’s environmental requirements from earlier operations with the Bank including the SME credit line. Under the project SB is required to apply environmental procedures in accordance with EBRD’s Environmental Procedures for Local Banks (including the Environmental Referral List and Exclusion List). In implementing these procedures SB will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation


Company Contact

Mr Donatas Savickas
Member of the Board, Deputy Chairman of the Board
149 Tilžės Street

Telephone: +370 41 595 602
Fax: +370 41 430 774




Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: