Bank of Lithuania

1. The Board decided to issue permission to the Latvian company “Akciju komercbanka Baltikums” to open a representative office in the Republic of Lithuania. “Akciju komercbanka Baltikums” started operating in mid-2001. The core capital of AS Baltikums is LTL 20,867,350, its assets are LTL 57,147,634 (based on the exchange rates of 7 June 2002). 

2. The Board resolved to announce the 5 litas denomination commemorative coin (designed within the international programme “Endangered Nature”) legal tender and to issue the coin as from 26 June 2002. Another commemorative coin marking Trakai Island Castle (series “Monuments of Lithuanian History and Architecture”) will be issued in the third quarter this year.