2016-12-29 for an additional payment to the creditor second in the line

For your information, the Kaunas Regional Court by its ruling of 12th December 2016 passed in civil case No. B2-213-254/2016 permitted BAB Ūkio bankas to partly settle accounts with the creditor second in line for satisfaction – state enterprise Indėlių ir Investicijų Draudimas. After the coming into force of the ruling, BAB Ūkio bankas has paid EUR 11,000,000.00 (eleven million) to the creditor second in line.

With the same ruling of 12th December 2016 passed in civil case No. B2-213-254/2016 Kaunas Regional Court permitted BAB Ūkio bankas to partly settle accounts with the mortgage creditor UAB “Investicijų ir verslo garantijos“. After the coming into force of the ruling, BAB Ūkio bankas has paid EUR 1,000,000.00 (one million) to the mortgage creditor.

Information on the procedure of settlement of accounts with the creditors is placed on the website www.ub.lt.

 

Enclosed: a copy of the ruling of the Kaunas Regional Court of 12th December 2016 passed in civil case No. B2-213-254/2016 regarding the procedure of settlement of accounts with BAB Ūkio Bankas’ mortgage creditor and creditors second in line for satisfaction.

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