 | |
 Snoras headquarters in Vilnius. | |
| 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]
- ^ [1] Supervisory Board
- ^ Almost 60 million euros spent on Snoras bankruptcy administration
- ^ Juršytė, Justina. "Valstybė nacionalizavo "Snorą", bankas įtariamas nusikalstama veikla".
- ^ "Bankui AB bankas SNORAS paskirtas laikinasis administratorius, laikinai taikomos turto apsaugos priemonės". www.lb.lt. Archived from the original on 2011-11-19. Retrieved 2011-11-16.