2012-06-15
Permission issued to UAB “Novus Asset Management” to include a subordinated loan in Tier II capital
The Board of the Bank of Lithuania issued permission to UAB “Novus Asset Management” to include the 6-year subordinated loan of LTL 30 thousand received from Andriejus Paleičikas into Tier II capital of UAB “Novus Asset Management”.
As indicated by UAB “Novus Asset Management”, the capital base is strengthened with a subordinated loan in order to ensure compliance with the company’s capital adequacy ratio.