2012-03-06
The Board of the Bank of Lithuania discussed the results of the target inspection of Medicinos bankas conducted by the Credit Institutions Supervision Department. The inspection focused on management, internal control, and the management of credit and liquidity risks in this Bank.
The report on the inspection specified certain deficiencies in the operation of Medicinos bankas. Having taken them into account, the Board of the Bank of Lithuania gave appropriate instructions.
Medicinos bankas was instructed to eliminate the deficiencies in its operation established during the inspection and supervisory review and evaluation by 1 March 2012.
The head of administration of Medicinos bankas was instructed to arrive at the Bank of Lithuania no later than within 10 days of the receipt of this resolution to explain how the Bank was going to remove the established deficiencies in its operation and, on the deadline for this, to explain how this was done.