2012-03-06
The Board of the Bank of Lithuania issued a permit to the branch of the Icelandic bank MP Banki hf. to end its activities. The decision to close the branch was taken by the EA fjarfestingarfelag hf. bank’s board
The Board of the Bank of Lithuania referred to the facts that the Icelandic bank’s branch has no more clients and does not provide financial services; besides, the branch creditors will be able to submit their claims directly to the founder of the branch after the branch is removed from the legal entities register. After the removal from the register, the branch founder will be further responsible for the branch’s obligations to be duly honoured.