Brussels, 17/07/2014 (Agence Europe) - On Thursday 17 July, the European Commission ruled that an additional €37 billion of liquidation aid from Lithuania for Siauliu Bankas in connection with the winding up of Ukio Bankas is in line with EU rules on state aid to banks during the crisis.
In February 2013, Ukio Bankas was declared insolvent and part of its assets and liabilities have been taken over by another Lithuanian bank, AB Siauliu Bankas, selected in a competitive process. The cash...