On 12 March 2014, dr. Vygintas Bubnys, deputy chairman of the Management Board and executive vice - president of AB DNB Bankas, notified the Bank‘s Management Board he will not resume his contract after the expiry of his third four year term in office.V. Bubnys made the decision, effective from 21 March 2014, due to personal reasons.

Until the new head of the Bank’s corporate banking division is appointed, the chairman of the Management Board and the president of AB DNB Bankas’ Bjornar Lund will be in charge of the corporate banking business line.

“We thank Vygintas Bubnys for his contribution to the bank and the bank’s customers. We respect his decision and wish every future success, “ Bjornar Lund, the president and the chairman of Management Board of AB DNB Bankas said.

V. Bubnys has been working in the Bank since 2000 and in Lithuania’s financial sector since 1990.

V. Bubnys has no shareholdings in AB DNB Bankas.

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