Decisions of the Supervision Service of the Bank of Lithuania

The financial situation of the credit union Mažeikių kredito unija is good, however, it was instructed to remove certain deficiencies

The inspection results of the credit union Mažeikių kredito unija, which were presented to the Supervision Service of the Bank of Lithuania, showed that capital adequacy, liquidity and other indicators characterising the union’s activity are good, whereas its activity is stable.
However, inspectors of the Bank of Lithuania pointed out certain risk management deficiencies. The union was instructed to prepare the action plan for the removal of operational deficiencies ascertained during the inspection, to remove the deficiencies by 31 October 2012 and to inform about it the Supervision Service of the Bank of Lithuania.

The credit union Ignalinos kredito unija was instructed to remove certain deficiencies, the union’s activity is stable

The inspection results of the credit union Ignalinos kredito unija revealed that the indicators that describe the quality of loans granted by this credit institution are good.
The Supervision Service of the Bank of Lithuania ascertained insignificant risk management deficiencies during the inspection and instructed the credit union to prepare the plan for the removal of these deficiencies. Deficiencies should be corrected by 31 October 2012 and the Supervision Service of the Bank of Lithuania should be informed about it.

Acquisition of a block of shares in the company “Perlo paslaugos” was allowed

The Bank of Lithuania did not object to the direct acquisition by Dainius Kalinauskas, Director and Member of the Board of the payment institution UAB “Perlo paslaugos”, of the qualifying holding in the authorised capital and/or voting rights of this payment institution, so that his holding reaches 20 per cent or more, but does not exceed 30 per cent.

The Supervision Service also did not object to the direct acquisition by Mindaugas Marcinkevičius, another Member of the Board of UAB “Perlo paslaugos”, of the qualifying holding in the authorised capital and/or voting rights of the company, so that his holding comprises 20 per cent or more, but does not exceed 30 per cent.

The public list of consumer credit intermediaries supplemented

The Supervision Service of the Bank of Lithuania included 34 new consumer credit intermediaries of the consumer credit lender UAB “Ūkio banko lizingas”, 2 new consumer credit intermediaries of the consumer credit lender UAB “Šiaulių banko lizingas” and 7 new consumer credit intermediaries of the consumer credit lender BIGBANK AS branch in the public list of consumer credit intermediaries. Up to now, this list included 1,893 consumer credit intermediaries of UAB “Ūkio banko lizingas”, 22 consumer credit intermediaries of UAB “Šiaulių banko lizingas” and 65 consumer credit intermediaries of BIGBANK AS branch.
The supplemented list is published on the website of the Bank of Lithuania.

Permission issued to become a Member of the Supervisory Council of Swedbank

The Bank of Lithuania decided to allow Kristina Mikenberg to become a Member of the Supervisory Council of AB “Swedbank”.