Šiaulių Bankas established a special purpose vehicle to finance multi-apartment buildings modernisation
21 Febrero 2024 - 8:00AM
UK Regulatory
Šiaulių Bankas established a special purpose vehicle to finance
multi-apartment buildings modernisation
21 February 2024, a second special purpose subsidiary of Šiaulių
Bankas was established – UAB SB Modernization Fund 2, legal entity
code 306682354, registered office address: Tilžės st.149, Šiauliai,
76348.
The purpose of SB Modernization Fund 2 is to
manage the second fund of EUR 200 million to be established for the
financing of multi-apartment building renovation projects, in
accordance with the amendment to the operating agreement concluded
between Šiaulių Bankas and the European Investment Bank, which was
announced on 14 February 2024. The fund is expected to finance
about 300 renovation projects in Lithuania.
The objective of the unique modernisation fund
is to attract private and institutional investors to finance energy
efficiency projects for multi-apartment buildings in Lithuania.
Šiaulių bankas, the country's leading
multi-apartment building financier, is the founder of the fund
and administrator of the renovation loans, while SB Modernization
Fund 2 is the legal manager.
The Bank will announce about the commencement of the Fund's
activities by a separate notification.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@sb.lt
Siauliu Bankas Ab (LSE:0KC0)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Siauliu Bankas Ab (LSE:0KC0)
Gráfica de Acción Histórica
De May 2023 a May 2024