Bank of Lithuania
2010-03-10

1.

Inclusion of debt securities of indeterminate duration of AB SEB bankas into its capital

The Board of the Bank of Lithuania gave its permission to AB SEB bankas to include into its Tier 2 capital an issued debt security of indeterminate duration whose value is 100 000 000 euro (LTL 345 280 000).

This subordinated bond of indeterminate duration was acquired by the parent bank Skandinaviska Enskilda Banken AB (Publ).

As indicated in the AB SEB bankas request to include the debt security of indeterminate duration whose value is 100 000 000 euro into Tier 2 capital of the bank, this action would have a positive impact on the bank’s financial stance ? this would allow the bank to increase its capital base and would have a favourable influence on the implementation of prudential requirements and on the liquidity of the bank.

After adopting the Board’s decision, the capital base of AB SEB bankas will amount to LTL 2 232 million.

2.

On the inclusion of a subordinated loan into the capital of AB Ukio bankas after the change of terms and conditions of the subordinated loan agreement.

Terms and conditions of the AB Ukio bankas agreement of the subordinated seven-year loan amounting to LTL 50 000 000 which was received by Ukio bankas on 14 December 2009 from Vladimiras Romanovas, were supplemented on the basis of the agreement signed on 23 February 2010 by envisaging a possibility to change this loan into the bank shares. The Board of the Bank of Lithuania gave a permission to AB Ūkio bankas to include this subordinated loan into Tier 2 capital of AB Ukio bankas.

AS of 1 January 2010, the capital base of AB Ukio bankas made up LTL 496. 3 million.

3.

On the amendment of 23 November 2006 Resolution No. 146 ”General provisions on the disclosure of information related to prudential supervision”.

On the basis of a decision of the Bank of Lithuania Board, some General provisions on the disclosure of information related to prudential supervision have been amended.

The amendments have been made with regard to Guidelines on Supervisory Disclosure enhanced and supplemented by the Committee of European Banking Supervisors (CEBS).

The Provisions valid since 1 January 2007 have been developed with the aim to participate in the common framework of the European Union (EU) supervisory disclosure and to regulate the procedure, contents and periodicity of this supervisory disclosure.

The Bank of Lithuania performs the information disclosure in Lithuanian and English on the tables corresponding to the common templates of supervisory rules and guidance for the EU member states developed in accordance with the CEBS Guidelines on Supervisory Disclosure, by providing information on line or as active references to corresponding legal acts.