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"Iceco management provided economically approved and perspective business plans, thus we hope that the credit provided by Ukio Bankas will help the company to achieve its aims and will contribute to the economic growth of the country", said Gintaras Ugianskis, the Chairman of the Bank Board.

Iceco, having acquired a property of the company Kraitene that had encountered difficulties not for one year, will continue food production activity, will seek to expand production scope and to look for new markets.

"The company having operated previously had failed to use its manufacturing capacity to the full extend, thus there is high potential not only to maintain but also to develop the manufacture. Presently we seek to stabilize the activity of the company, to regulate business processes and to prepare for the new development", said Valdemaras Salauskas, the General Director of Iceco.

According to him, the credit granted by Ukio Bankas, provided a possibility to Iceco not only to acquire the manufacturing company but also will provide a possibility to regain the lost market position and to strengthen it.

"We needed fast and effective financial solution thus we applied to several banks. Ukio Bankas distinguished itself because of its flexibility, good-natured attitude to businessmen and professionalism. I suppose that this partnership will be beneficial not only for us but for all Marijampole region were the company operates, as well," said Salauskas.

According to the general director, Iceco will seek to maintain working places in the company that presently amount to 500.

"We see not only business in our activity but a social mission as well – we want to contribute to the stability of Marijampole region, maintaining the activity of the company and the employees", said Salauskas.

Ukio Bankas actively cooperates with business companies providing financial solutions and offers. The bank pays much attention to small and medium business and companies working in the regions of the country.