2008-09-11
1. On the inclusion of the profit for the current year in the capital of AB SEB Bank and AB SEB Banks’ financial group. The Board of the Bank of Lithuania
The Board of the Bank of Lithuania gave permission to AB SEB Bank to include 100 per cent of its retained profit for the 1st half of the current year in the Bank’s and the financial group’s Tier I capital, the amount of this profit having been confirmed by an independent auditor.
AB SEB Bank has applied to the Bank of Lithuania with a request to be allowed to include its confirmed profit for the current year in the Bank’s and its financial group’s eligible capital at the same time submitting concise consolidated financial information for the period of 6 months ending 30 June 2008 prepared by the Bank’s auditors, auditor’s opinion, and additional calculations carried out by the Bank justifying the motifs for strengthening the capital.
On the inclusion of the Bank’s retained profit for the first half of the current year of LTL 255,5 million, the Bank’s capital adequacy ratio as of 1 July 2008 would have been 13,31 per cent, and of the Bank’s group 11,49 per cent (on the inclusion of LTL 225,6 million of the group’s profit).
2. On awarding Vladas Jurgutis scholarship
The Board of the Bank of Lithuania this year decided to award Vladas Junrgutis scholarships to a student of Vilnius University, Kristina Maslauskaitė and a postgraduate of Vytautas Magnus University, Jurata Žukovska.
Vladas Jurgutis scholarship was established by the Bank of Lithuania in 1990 and is awarded for one academic year to two full-time students in banking and finance with the best academic performance at universities of the Republic of Lithuania. Candidates for the scholarship are nominated by university faculties with banking and finance departments. The scholarship equals the minimum monthly wage.
A number of students having been awarded this scholarship, after completion of their studies, began working at the Bank of Lithuania or have been working successfully at international financial institutions.