The banks plans to issue 75.498 mln ordinary registered shares, at a face value of 0.29 euros each, free of charge to existing shareholders.
The management board also proposes to distribute 1.887 mln euros, or 0.5 euro cent per share, as dividends to shareholders and to pay out 442,000 euros in profit-related bonuses to members of the supervisory board.
Siauliu Bankas' shareholders will be asked to vote on these proposals on Mar. 30, the bank said in a stock exchange release on Thursday.
The bank, in which the EBRD holds an 18.24% stake, last year posted 41.677 mln euros in net profits, up from 21.151 mln euros in 2015. Its undistributed profits at the end of 2016 totaled 58.281 mln euros.
