Meeting of the Board of the Bank of Lithuania
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.