2008-03-08
1. The Board of the Bank of Lithuania amended the Rules for Managing the Loan Risk Database. This was done taking into account the fact that the activities of banks have been expanding, there is the need for providing additional information to/from the Loan Risk Data Base, as well as in satisfaction of the wishes expressed by banks to resign providing certain data as it does not have crucial importance for establishing the borrower’s possibilities to fulfil its obligations to the bank.
It was established that only the borrowers’ annual financial reporting data must be provided to the Loan Risk Data Base.
Before that, provision of information about the managers of controlling interest or five key shareholders to the Loan Risk Data Base was obligatory. This requirement was abandoned considering that such information was not significant for establishing whether the borrower would be able to fulfil his obligations to the bank in time.
2. On permission to register an amendment to the provisions of the representative office of AP Anlage & Privatbank AG in Vilnius
The Board of the Bank of Lithuania issued permission to register an amendment to the provisions of the representative office of the Swiss bank AP Anlage & Privatbank AG in Vilnius in relation to the change of the registered office of the Bank?s representative office, approved by resolution of the Administrative Council of AP Anlage & Privatbank AG of 8 January 2008.
3. On inclusion of subordinated loan in the capital of AB bank Hansabankas
The Board of the Bank of Lithuania granted permission to AB bank Hansabankas to record a subordinated 8-year loan of EUR 60 million (an equivalent of LTL 207,168,000 million) received from the Estonian bank Hansapank AS in the Bank’s Tier II capital.
The AB bank Hansabankas’ request has indicated that the inclusion of the new subordinated loan in its capital base would improve the Bank’s and its financial group’s capital adequacy performance, the Bank’s liquidity, and would ensure a better compliance with other prudential requirements.
Upon recording of the new subordinated loan in the Bank’s Tier II capital, the capital base AB bank Hansabankas would make up LTL 2 billion, according to the data as on 1 February 2008.
4. On permission to become head of AB DnB NORD
The Board of the Bank of Lithuania was presented information on permission to become Vice President (head of administration) of AB DnB NORD, and did not object to it.