2012-03-06
After having discussed the findings of the inspection of "Sveikatos kreditas" (Gargždai) credit union, the Board of the Bank of Lithuania gave strict evaluation to the violations of legal acts and operational deficiencies discovered during the inspection. As a result, the credit union was imposed a fine of 0.1 per cent of its total annual earnings in 2010. The Board also set certain capital requirements.
The decision was made taking into account some previous enforcement measures imposed on "Sveikatos kreditas" by the Bank of Lithuania for violation of legal acts.
The credit union was instructed to remove legal violations and drawbacks in its operations by 30 September 2011 and notify the Bank of Lithuania thereof.