Antonov Says Snoras Group May Expand Banking Business to Sweden

Vladimir Antonov, majority stakeholder in Bankas Snoras AB (SRS1L), said the financial group may expand its banking business to Sweden.

Shareholders in Snoras will take a decision on the expansion to Sweden this year, Antonov said at a press conference in Vilnius today.

Snoras also will focus on expanding in Estonia in the next two years, Antonov said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

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