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Medicinos Bankas will strengthen its capital base by 2 million euros

General Meeting of Shareholders of Medicinos Bankas decided to boost its capital base by 2 million euros this year. It also approved the candidacy of a new member of the Supervisory Board and the auditor for this year. The funds will be used to ensure compliance with additional risk management requirements applicable after the transposition of the Fourth Capital Requirements Directive and Regulation into the Lithuanian law.


“We predict a stable operation of the bank this year and have plans to increase the assets as well as optimize the network of bank branches; therefore, additional capital is necessary as a risk mitigation measure. Entry into force of the Fourth Capital Requirements Directive has simply made this process inevitable,” explained Gintaras Treinys, Chairman of the Board of Medicinos Bankas.


General Meeting of Shareholders also approved consolidated financial statements of Medicinos Bankas and Medicinos Bankas Group for 2014 as well as new wording of the Articles of Association of Medicinos Bankas.


At the end of 2014, the assets of Medicinos Bankas amounted to EUR 251.28 million (LTL 867.62 million), the bank’s Capital Adequacy Ratio was 11.9 percent (the required ratio is 10 percent) and liquidity of the bank was 49.08 percent (the required liquidity is 30 percent).   

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