2009-09-30
1. The Board of the Bank of Lithuania was presented information on the results of inspection of Siauliu bankas. The inspection focused on the management, internal control, management of individual risks (credit, liquidity, market and operational) at the Bank, as well as on certain issues of the Bank’s internal capital adequacy assessment process (Eng. abbr. ICAAP).
The Bank was instructed to remove deficiencies in its operation indicated in the inspection report by 1 February 2010.
2. Results of the inspection and supervisory review of AB bankas SNORAS
The Board of the Bank of Lithuania was presented information on the results of inspection of AB bankas SNORAS. The inspection focused on the management, internal control, management of individual risks (credit, liquidity, market and operational) at the Bank, as well as on certain issues of the Bank’s internal capital adequacy assessment process (Eng. abbr. ICAAP).
The Board made decisions on the basis of which the bank SNORAS should strengthen its capital base. It also established certain additional requirements on the limitation of the operational risk of this bank.
Bank SNORAS was instructed to remove the violations of legal acts and deficiencies in its operation indicated in the inspection report by 31 December 2009.