OREANDA-NEWS. On March 27, 2009 Ukio bankas shareholders' meeting reduced the number of Supervisory Council and Board members. From now on, the Council will comprise five and the Board – three members, reported the press-centre of Ukio bankas.

Edita Karpaviciene, who took the position of Ukio bankas Board chairwoman until now, became chairwoman of the Bank’s Supervisory Council. Gintaras Uginskis was elected chairman of Ukio bankas Board, and Rolandas Balandis, head of the Bank’s Internet Banking Division, and Arnas Zalys, head of the Bank's Finance Division, were elected his deputies. Apart from E. Karpaviciene, Antanas Grigaliauskas, director of UAB Ukio banko rizikos kapitalo valdymas, resigned as Board member.

Liutauras Varanavicius, chairman of Ukio bankas Supervisory Council, left the Supervisory Council. Lars Ulf Uno Lowenhav and Leonas Rimantas Butkus also resigned from the Supervisory Council.

Ala Kurauskiene became deputy chairwoman of the Supervisory Council. From now on, the Supervisory Council members also include Olga Goncaruk, Grazina Jakaviciene and Viktor Soldatenko.

Ukio bankas shareholders decided to refrain from paying dividends this year. But the decision was taken to increase Ukio bankas authorised capital. It will increase nearly 25 percent, from LTL 197 million to LTL 245,824,000.

LTL 50 million from the company’s assets were used for this purpose. 49,116,000 shares, of 1 litas par value each, will be issued for this amount. They will be for free distributed to the Bank’s present shareholders.

The amount of LTL 4.6 million was allocated to the legal reserve, and another amount of LTL 86.6 million – the capital reserve.