Renault F1 Team announces SNORAS sponsorship

The Renault F1 Team today announced a significant new sponsorship agreement with Bank SNORAS, the Lithuanian retail bank. The ‘SNORAS logo will appear on the sidepods of the Renault F1 R30, beginning with this weekend’s Belgian Grand Prix at Spa-Francorchamps.

Renault F1 Team Chairman Gerard Lopez commented:

“It is with great pleasure that we welcome Bank SNORAS to the Renault F1 Team. This new business win with Bank SNORAS adds a further dimension to our significant commercial efforts in Eastern Europe, and will offer Bank SNORAS a significant boost in global visibility.”

Raimondas Baranauskas, President of Bank SNORAS, said:

“We are delighted to begin a mutually beneficial partnership with the Renault F1 Team. Innovation, combined with a proactive approach, are among the core values of Bank SNORAS and its group of companies. Formula 1, which combines human abilities and the newest technologies, is therefore a perfect fit the bank’s philosophy. The Renault F1 Team is already among the top five in Formula 1, and we believe that they will continue to strengthen that position.”

About Bank SNORAS

AB Bank SNORAS, during seventeen years of its activity, has become one of the largest banks in Lithuania and it has the widest territorial customer service network in the country. Presently almost 1100 employees work in Bank SNORAS; the bank provides its services to more than one million clients. Bank SNORAS has branches in Latvia and Estonia. The bank is represented abroad by its representative offices in the United Kingdom, Belgium, Czech Republic, and Belarus. Presently Bank SNORAS group is the only group of companies in the Baltic States which manages three banks: AB Bank SNORAS, AS “Latvijas Krâjbanka” and the investment bank “Finasta”.

For more information about Bank SNORAS, visit http://www.snoras.com/en