Bank Finasta AB and FBC Finasta

2 December 2014 Invalda INVL acquired 78.28 per cent of both bank Finasta and financial brokerage company (FBC) Finasta shares. At the beginning of 2015 Invalda INVL increased stake up to almost 100 per cent in bank Finasta and FBC Finasta and also acquired asset management companies Finasta Asset Management, operating in Lithuania and Latvia. Finasta Asset Management companies now belong to Invalda INVL and are part of its core business asset management.

In classical banking segment to become a competitive participant companies must have a scale, it was decided upon to integrate banking operations into Siauliu Bankas AB, which shares are listed on NASDAQ Vilnius stock exchange. Shares of both bank Finasta and financial brokerage company Finasta were transferred to Siauliu Bankas, AB for that Invalda INVL acquired new issue of Siauliu bankas shares for the amount of EUR 6.19 million and will own 6.79 percent of share capital in Siauliu Bankas.