2012-03-06
Inclusion of subordinated loans in the capital of AB bankas SNORAS and the amendment to the provisions of non-equity securities issue documents
The Board of the Bank of Lithuania gave permission to AB bankas SNORAS to include two subordinated 20-year loans of EUR 7,500,000 (LTL 25,896,000) each received from Vladimir Antonov and Raimondas Baranauskas into Tier 2 capital of AB bankas SNORAS. The permission was issued after amending the conditions for granting the said subordinated loans and providing for the possibility to exchange these loans into the shares of AB bankas SNORAS.
The Board of the Bank of Lithuania gave permission to AB bankas SNORAS to amend the provisions of the issue documents of 420 units of non-equity securities with the nominal value of each security of EUR 50,000 (LTL 172,640) and the total value of EUR 21,000,000 (LTL 72,508,800) and to provide for the possibility to exchange these securities into the shares of AB bankas SNORAS.