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Šiaulių Bankas
Šiaulių bankas is a major commercial bank in Lithuania providing retail and commercial banking services. It has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank. History Šiaulių bankas was established in 1992. The bank took over assets from Ūkio bankas totaling LTL2,7 billion in 2013, for which the European Bank for Reconstruction and Development (EBRD) granted the bank a loan of LTL69 million. the largest shareholder of the company was the EBRD, owing 26% of the company's stock after converting loans to the bank into shares. In 2021, 18% of the Banks shares held by the EBRD were sold to Invalda INVL, NordVPN, Nord Security and ME investija. The bank merged Invalda INVL and its retail business in 2023, creating a new company headed by the former INVL Investment Management director. Since 1994 (in Secondary List) and since 2006 (in Main List), th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ūkio Bankas
Ūkio Bankas was a Lithuanian commercial bank based in Kaunas. More than 50% of shares are owned by Lithuanian businessman Vladimir Romanov who therefore was in the control of the bank. It was the fifth largest and oldest private bank in Lithuania. In October 2006, during an internet conference on the news portal Delfi.lt Vladimir Romanov announced his plans to sell his shares to the strategic investor. GE Money, a branch of General Electric, as one of the possible buyers was mentioned by Romanov. In common with other banks Ūkio Bankas suffered from the effects of credit crunch and on 26 August 2008, rating agency Standard & Poor downgraded the banks status from stable to negative. The organisation sponsored the Lithuanian football club FBK Kaunas and the Scottish team Hearts. Romanov was the owner of Hearts and a board member of FBK Kaunas. Ūkio bankas has been associated with money laundering known as the ŪkioLeaks or Troika Laundromat. Reported by Organized Crime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Šiauliai
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Lithuania
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tesonet
Tesonet is a Lithuanian startup venture builder and investor founded in 2008 by Tomas Okmanas and Eimantas Sabaliauskas. The company’s main focuses today are cybersecurity, AI, EdTech, SportTech, and digital solutions. Businesses kick-started or accelerated by Tesonet include Nord Security, Hostinger, Oxylabs, Surfshark, Decodo, Mediatech, and nexos.ai. The number of people employed across the group exceeds 3,500. Structurally, Tesonet rests on 3 pillars: founded companies, investments, and limited partnerships with venture capital firms. Since 2018, Tesonet has extended its reach by investing in successful ventures like CAST AI, Eneba, BC Žalgiris, BC London Lions, Šiaulių bankas, Turing College, Zapp, PartiQlar, and others. History Having originally met in an IRC channel in 1999, Tomas Okmanas and Eimantas Sabaliauskas founded Tesonet in 2008 for a single project. In the end, however, it took 34 different projects and ideas – from web hosting and e-commerce to video ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Girteka
Girteka Group is a Lithuanian transport and logistics company based in the city of Vilnius, operating in Europe and Scandinavia. It was founded in 1996 by Mindaugas Raila who, at the age of 24, bought a single used truck complete with a trailer. Today, it is one of Europe's largest transport companies. Girteka Group delivers more than 775,000 full truck loads (FTLs) every year, with more than 9,200 fully owned trucks and 9,800 trailers that operate in Europe. Girteka Group consists of: * Girteka Europe West * Girteka Nordic * Thermo-transit * Thermomax * TNDM Trucking * ClassTrucks * Girteka Business Service Today the company has more than 23,000 employees from more than 20 nationalities. Girteka Group has office in Lithuania, Poland, Georgia, Denmark, Norway, Finland, Spain, Netherlands, Belgium, Ukraine, Belarus, Kazakhstan and Kyrgyzstan Kyrgyzstan, officially the Kyrgyz Republic, is a landlocked country in Central Asia lying in the Tian Shan and Pamir Mountains, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasdaq Vilnius
The Nasdaq Vilnius is a stock exchange established in 1993 (''Vilnius Stock Exchange'', ''VSE'') and currently operated by Nasdaq, Inc.. Shares are listed on a Nasdaq Baltic stock exchange together with stocks from Latvia and Estonia. OMX Vilnius (OMXVGI) is a stock market index for the Nasdaq Vilnius Exchange. History VSE, together with Riga Stock Exchange and Tallinn Stock Exchange is part of the joint Baltic market that was established to minimize investing barriers between Estonian, Latvian and Lithuanian markets ( OMX Baltic 10). Trading day It has a pre-market session from 08:45am to 10:00am, a normal trading session from 10:00am to 04:00pm and post-market session from 04:00pm to 04:30pm. Companies As of June 15, 2018, market capitalization of Vilnius stock exchange equities was 3.9 billion euro, and consist of 30 companies. Companies formerly listed on Nasdaq Vilnius * Agrowill Group * Akmenės cementas * Alita * Alytaus tekstilė * Anykščių vynas * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NordVPN
NordVPN is a Lithuanian VPN service founded in 2012. NordVPN is developed by Nord Security (formerly Nordsec Ltd), a cybersecurity software company that was initially supported by Tesonet, a Lithuanian startup accelerator and business incubator. NordVPN states it operates in Panama, but Nord Security is incorporated in Amsterdam, the Netherlands. Its offices are located in Lithuania, the United Kingdom, Panama, and the Netherlands. The service has applications for Microsoft Windows, macOS, Linux, Android, iOS, Android TV, and tvOS. Manual setup is available for wireless routers, NAS devices, and other platforms. History NordVPN was established in 2012 by a group of childhood friends, with Eimantas Sabaliauskas and Tomas Okmanas at the helm. It presented an Android app in late May 2016, followed by an iOS app in June of same year. In October 2017, it launched a browser extension for Google Chrome. The service launched applications for Android TV in 2018 and tvOS in 2023 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 75 countries and two European Union institutions, the newest shareholder being Nigeria since February 2025. Despite its public sector shareholders, it invests in private ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings account, savings and transactional accounts, Mortgage loan, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment banking, investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national bank supervision, banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
