2012-06-14
Permission to establish a representative office in the Republic of Lithuania was not issued to the bank “Investicionnyj torgovyj bank”
The Board of the Bank of Lithuania decided to refuse to issue permission for “Investicionnyj torgovyj bank”, the joint-stock commercial bank registered in the Russian Federation, to establish a representative office in the Republic of Lithuania.
The Board adopted the resolution, taking into consideration the fact that not all requested data related to the activity of the bank “Investicionnyj torgovyj bank” were submitted: comprehensive information on this bank’s shareholders was not submitted. This information is required to assess the bank’s (its shareholders’) suitability, in order to ensure reliability of the domestic banking system.
The resolution was adopted in accordance with Article 11 of the Law on the Bank of Lithuania and Article 22 of the Law on Banks.