2012-03-06
Bank “Swedbank”, AB is instructed to eliminate the deficiencies identified during the inspection
The Board of the Bank of Lithuania discussed the results provided by the Credit Institutions Supervision Department of the full-scope inspection of Bankas “Swedbank”, AB. The inspection checked the administration of the Bank, its internal control, and management of credit, liquidity, risk and operational risks
The Board of the Bank of Lithuania instructed Bankas “Swedbank”, AB to prepare the plan for the elimination of deficiencies identified during the inspection and Supervisory Review and Evaluation Process of Bankas “Swedbank”, AB in relation to the bank administration systems as well as other deficiencies of bank operation and to present that plan to the Bank of Lithuania.
Bankas “Swedbank”, AB was instructed to eliminate the bank operation deficiencies identified during the inspection and Supervisory Review and Evaluation Process until 30 November 2011.
The Head of the Administration of Bankas "Swedbank", AB was instructed to come to the Bank of Lithuania and to explanation how Bankas "Swedbank", AB is planning to eliminate the identified operational deficiencies of the Bank and to inform how it eliminated the deficiencies by the end of the deadline.