As part of the banking business wind-down process in the Baltics, Danske Bank A/S Lithuania branch has concluded an agreement with Siauliu bankas regarding the transfer of Danske Bank’s private customers credit portfolio in Lithuania. Under this agreement, Siauliu bankas will take over the servicing of private customers’ loans and leasing (hereinafter - the Loan/-s). The servicing of personal customers’ Loans is expected to be transferred in the beginning of May 2020.
In relation to the transfer of Loans, Danske Bank will transfer all personal data to Siauliu bankas.
Before taking over Loans portfolio, Siauliu bankas will process the personal data for the following purposes:
- preparation for transfer of the data of the Loan portfolio to the information systems of Siauliu bankas; and
- opening accounts in Siauliu bankas, that will be used for serving the Loans once the Loans portfolio has been taken over by Siauliu bankas.
The legal basis for sending data to Siauliu bankas and for processing the personal data for the aforementioned purposes by Siauliu bankas is the legitimate interest of Danske Bank and Siauliu bankas, which lies in the need to prepare the information systems for the takeover of the Loans portfolio and guarantee smooth clients servicing upon the transfer of portfolio.
Danske Bank and Siauliu bankas will process personal data as separate controllers. You can find information about personal data processing, including your rights, at Danske Bank website and Siauliu bankas website.
In case you have any questions, please call us at +370 5 215 6666 or send an email to email@example.com. You can also get acquainted with the frequently asked customer questions HERE.