For an additional payment to the creditor in the second line

Dear creditor of Ūkio Bankas,

 

For your information, the Kaunas Regional Court by its ruling of 13 February 2015 passed in civil case No. B2-448-254/2015 permitted BAB Ūkio Bankas to partly settle accounts with the creditor standing second in line for satisfaction – state enterprise Indėlių ir Investicijų Draudimas. After the coming into force of the ruling, BAB Ūkio Bankas will pay EUR 6,400,000.00 (six million four hundred thousand Euros) to the creditor standing second in line for satisfaction within three business days. The amount was received after selling part of the bank’s claim rights in respect of AB Birač Europe.

Please note that you, as a creditor of the bank, need not take any additional actions in connection with passing of the above-indicated ruling of the Kaunas Regional Court. Information on the progress of the bankruptcy proceedings against the bank will also be placed on the website www.ub.lt.

Enclosed: a copy of the ruling of the Kaunas Regional Court of 13 February 2015 passed in civil case No. B2-448-254/2015 regarding the procedure of settlement of accounts with BAB Ūkio Bankas’ creditors standing second in line for satisfaction.Ruling

 

 

Sincerely,

Gintaras Adomonis,

Bankruptcy administrator of BAB Ūkio Bankas

Person authorised by UAB Valnetas

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