Bank of Lithuania
1. The Board reviewed the results of the inspection of Norddeutsche Landesbank Girozentrale Vilnius Branch. The inspection focused on the correctness of provided statements and information and performed the analysis of the structure and development trends of assets, income and expenses, liquid assets and current liabilities.

2. The Board approved the amendments to the Loan Risk Database Management Rules, initially approved on 21 December 1995. The amendments provide for the inclusion of a wider scope of indicators in the Loan Risk Database allowing the banks themselves as well as supervisors to perform qualitative and quantitative assessment and forecast credit risks. The resolution becomes effective as from 1 October 2003.

3. The Board decided to grant permission to Kredyt Bank S.A. Vilnius Branch to register a new edition of its Articles of Association. The amendments are related to the structural changes in Kredyt Bank S.A. Vilnius Branch and the expansion of the Bank’s operations in Lithuania.