Company type | Joint stock company (Nasdaq Baltic: SRS1L),(Nasdaq Baltic: SRS2L) |
---|---|
Industry | Banking Financial services |
Founded | 1992 in Šiauliai |
Defunct | November 24, 2011 |
Fate | Bankruptcy |
Headquarters | , |
Area served | Lithuania, Latvia, Estonia |
Key people | Vladimir Antonov (Main shareholder, Chairman of Supervisory board)[1] Raimundas Baranauskas (Shareholder, Chairman of Board) |
Products | Finance and insurance Consumer banking Corporate banking Mortgages Credit cards |
Revenue | €394 million (2012)[2] |
Bankas Snoras AB or simply SNORAS (Nasdaq Baltic: SRS1L, Nasdaq Baltic: SRS2L) was a commercial bank, founded in Lithuania operating in all three Baltic states. It was a member of the financial group Konversbank and was listed on the NASDAQ OMX Vilnius stock exchange. On November 16, 2011, 100% of the bank shares were nationalized by the Lithuanian government and the bank was placed into temporary administration. On November 24, the bank was declared bankrupt. It had 4 billion litas (€1.16 billion) in debt.[3][4]