Meeting of the Board of the Bank of Lithuania
1. Rules for managing depositor accounts with the
Bank of Lithuania amended
The Board introduced amendments to the rules for managing
depositor accounts with the Bank of Lithuania.
The resolution becomes effective as from 31 January 2007.
2. Inclusion of subordinated loan in the capital of
Parex bankas
The Board granted permission to AB Parex bankas to
include the subordinated 6-year loan of LTL 8.1 million received from its
parent bank AS Parex banka registered in Latvia in Tier 2 capital of
the bank.
3. Permission to register changes in the Articles of
Association of Bank Snoras
The Board of the Bank of Lithuania granted permission to
AB Bank Snoras to register amendments to its Articles of Association
relating to the increase of the Bank's authorised
capital to LTL 212,174,080, which was approved during the general meeting of
the shareholders on 7 December 2006.
4. Capital Adequacy Rules amended
The Board of the Bank of Lithuania amended the Capital
Adequacy Rules of 21 December 2000.
The amended rules include a definition of the concept of
residential premises. The amendments were introduced to implement the
requirements of Directive 2006/48/EC of the European Parliament and of the
Council relating to the taking up and pursuit of the business of credit
institutions (recast) with regard to the calculation of the capital adequacy
ratio and in order to ensure a more precise definition of risk related to
loans secured with a collateral of residential premises.
The resolution becomes effective as from 1 February 2007.
5. On the payment system LITAS-RLS and the retail
payment system LITAS-MMS
The Board approved the operating rules of the payment
system LITAS-RLS and the retail payment system LITAS-MMS. The expected start
of the operation of these systems is 29 January 2007.
The operation of the payment system LITAS will be
discontinued as from 28 January 2007.
6. New orders for the production of 10 litas
denomination banknotes of 2007 issue, 50 litas denomination banknotes of 2003
issue and 100 litas denomination banknotes of 2007 issue
The Board decided to place an order for the production of
50 million banknotes of 10 litas denomination of 2007 issue, 45 million
banknotes of 50 litas denomination of 2003 issue and 50 million banknotes of
100 litas denomination of 2007 issue.
As 100 litas banknotes have recently been among those
counterfeited most, the security of the banknotes will be increased. Since
additional security features will entail a different design of the 100 litas
banknotes, the year of issue will also change.
As the number of discovered counterfeit 10 and 50 litas
denomination banknotes has recently been comparatively low, and the
counterfeits are easily identified, the design and the security level of the
50 litas note will not change. The 10 litas denomination banknotes will
contain an additional security feature, resulting in the change of the year of
issue.
