2012-03-06
Members of the Board of the Bank of Lithuania analysed the inspection report of Danske Bank A/S Lithuania Branch. Correctness of the preparation of the branch's financial statements and reports for supervisory purposes submitted to the Bank of Lithuania, ensuring compliance with the liquidity ratio, compliance with the Bank of Lithuania requirement regarding the liquidity reserve and liquidity counterbalancing capacity, and effectiveness of the internal control system were checked. Compliance with the requirements of the legal acts regulating money laundering and terrorist financing prevention was checked. In addition, by way of selective check-up, compliance with the requirements established by the Bank of Lithuania for the data entry into the Loan Risk Database was checked.
The Credit Institutions Supervision Department of the Bank of Lithuania was instructed to inform the bank of the Kingdom of Denmark Danske Bank A/S and the credit institutions supervisory authority of the Kingdom of Denmark about the results of the inspection of Danske Bank A/S Lithuania Branch.