2012-03-06
Members of the Board of the Bank of Lithuania discussed the information about the inspections results of the credit institution BIGBANK AS Branch. Correctness of the preparation of 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. 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 BIGBANK AS of the Republic of Estonia and the Estonian credit institutions supervisory authority about the results of the inspection of BIGBANK AS Branch.