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03 Nov 2025

"RATO Credit Union Secures European Central Bank Licence to Transition into Specialized Bank by 2026"

"Ellex has successfully guided RATO Credit Union in securing a specialized bank license from the European Central Bank, enabling its transition into RATO Bank by early 2026. This marks a significant step in RATO's evolution from a traditional credit union to a modern specialized bank."

Ellex advised RATO Credit Union in its transformation into a specialized bank, assisting the financial institution in obtaining a specialized bank licence from the European Central Bank. The transaction involved RATO Credit Union securing the licence, which marks a significant milestone in its evolution into RATO Bank, a modern specialized bank set to commence operations in early 2026. The Ellex team included Partner Ieva Dosinaite, Expert Lina Radaviciene, and Senior Associate Mindaugas Moskalionas.
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