Meeting of the Board of the Bank of Lithuania
1.
The
Board reviewed the information on the results of the partial inspection of
Nordea Bank Finland Plc Lithuania Branch carried out from 6 March to 20 March,
2002.
The Board instructed Nordea
Bank Finland Plc Lithuania Branch to remove the deficiencies presented in the
inspection report by 1 June 2002 and report to the Bank of Lithuania.
The
Board also decided to inform the Finnish Supervisory Authority of the
established deficiencies.
2.
The
Board decided to issue a banking license to AB VB Mortgage Bank.
The license will allow AB VB Mortgage Bank to accept deposits and other
repayable funds into client accounts and manage them, grant and take loans,
perform foreign exchange operations and carry out other operations specified in
BoL legislation.
3.
The
Board gave permission to AB Lithuanian Agricultural Bank to register changes in
its Articles of Association related to sale of ordinary shares owned by the
state to the strategic investor Norddeutsche Landesbank Girozentrale.
4.
The
Board reviewed the report on the implementation of the Bank of Lithuania budget
in Q1 2002.
Over the period the
income of the Bank of Lithuania amounted to LTL 85.27 million and expenses
totalled LTL 35.99 million.
The
profit in Q1 was LTL 49.28 million.
1. The
Board reviewed the information on the results of the partial inspection of
Nordea Bank Finland Plc Lithuania Branch carried out from 6 March to 20 March,
2002.The Board instructed Nordea
Bank Finland Plc Lithuania Branch to remove the deficiencies presented in the
inspection report by 1 June 2002 and report to the Bank of Lithuania.The
Board also decided to inform the Finnish Supervisory Authority of the
established deficiencies.
2. The
Board decided to issue a banking license to AB VB Mortgage Bank.The license will allow AB VB Mortgage Bank to accept deposits and other
repayable funds into client accounts and manage them, grant and take loans,
perform foreign exchange operations and carry out other operations specified in
BoL legislation.
3. The
Board gave permission to AB Lithuanian Agricultural Bank to register changes in
its Articles of Association related to sale of ordinary shares owned by the
state to the strategic investor Norddeutsche Landesbank Girozentrale.
4. The
Board reviewed the report on the implementation of the Bank of Lithuania budget
in Q1 2002.Over the period the
income of the Bank of Lithuania amounted to LTL 85.27 million and expenses
totalled LTL 35.99 million.The
profit in Q1 was LTL 49.28 million.
