Turto bankas reorganized into a joint-stock company

Turto bankas reorganized into a joint-stock company

Last November, the Seimas decided to reorganize the bank by expanding its functions – the company can engage in the development of civil and military infrastructure.

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It is expected that by changing the bank’s legal status, the state will use its real estate more efficiently, reducing maintenance costs and volumes. In addition, under the new company statutes, it can provide commercial services.

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