Please note that we have updated our Privacy Policy. Please click here to read the updated WALLESS Privacy Policy, which became effective as of 1 December 2020.
Our new Privacy policy became effective from 1 December 2020. Click here to read it.

AB Mano Bankas starts activity as the first specialised bank in Lithuania

2019 01 02

On 2 January 2019 AB Mano Bankas started its operations as a specialised bank following issuance of its banking license by ECB on 8 October 2018.

WALLESS attorneys Aušra Brazauskienė and Gediminas Rečiūnas advised and assisted AB Mano Bankas on its conversion from a credit union into the first specialised bank in Lithuania. Their role spanned from obtaining the banking licence from ECB to reorganization of cooperative society to a public company.

The issuance of a specialised bank licence to AB Mano Bankas is the first of its kind in Lithuania and had a great significance for Lithuania’s financial system. Without any doubt, this is a proof Lithuania’s intention to become one of the most attractive jurisdictions for new generation banks and finance institutions in the European Union actually works.

WALLESS Weekly Review

Subscribe and receive the summarized Supreme Court of Lithuania decisions in civil cases straight to your inbox, every week. Prepared by WALLESS Arbitration and Dispute Resolution team.

Please note that the review is in Lithuanian.