Banks, Financial Services, Insurance, Legislation, Lithuania

The Board of the Bank of Lithuania also approved Saulius Jokubaitis as a candidate to hold the position of the Head of Administration of ERGO Lietuva, informs LETA.

These resolutions were made under the requests of ERGO Lietuva.

ERGO Lietuva previously informed the Bank of Lithuania that this company's shareholder ERGO International took the decision to reorganize ERGO Lietuva and reelected the supervisory board.

The supervisory board intends, by the end of the reorganization, to reelect the current board members to the board of the insurance company of the new legal form (joint stock insurance company), whereas the board of the insurance company of the new legal form intends to re-elect the current head of administration to the insurance company of the new legal form.