AB Bankas NORD/LB Lietuva     Release     08.12.2005



Joint venture DnB NORD given the green light in Denmark 



AB Bankas NORD/LB Lietuva informs that the Bank’s majority shareholder

– the Danish registered company NORD/LB Holding A/S - has changed its

name into Bank DnB NORD A/S and on December 6, 2005, the Danish

Financial Supervisory Authority (Finanstilsynet) granted Bank

DnB NORD A/S permission to carry on the operations of a financial

institution in Denmark.

This is a further step in the process towards the establishment of 

a joint venture of Norwegian largest bank DnB NOR and the German

financial services group NORD/LB. The partners will own 51 and 

49 per cent respectively of Bank DnB NORD A/S shares. The joint 

venture will bring together the activities of the two parent banks

in the Baltic region and offer a complete range of innovative,

quality financial services in Denmark, Finland, Poland, Latvia, 

Lithuania and Estonia. The intention is that the new bank is to

start operations on 1 January 2006.



Andrius Vilkancas

Press Officer

Tel. +370 5 239 34 13