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.”