Resolutions of the Board of the Bank of Lithuania
Decided to issue a payment institution licence to a Tauragė-based company
The Board of the Bank of Lithuania decided to issue a payment institution licence to UAB Bastaras (Tauragė), which gives the right to provide the payment service specified in Article 5(6) of the Law on Payments, money remittances. By now, licences to provide payment services had been issued to 23 enterprises.
Did not object to the acquisition of ERGO Lietuva shares
The Board of the Bank of Lithuania does not object that the Estonian company ERGOKindlustuse Aktsiaselts acquires 15,109 ordinary registered shares of UADB ERGO Lietuva with the nominal value of LTL 1000 each, accounting for 100% of the authorized capital of UADB ERGO Lietuva and a 100% vote at the general shareholders’ meeting of UADB ERGO Lietuva.
The Bank of Lithuania has been informed that the purpose of the acquisition of the shares is implementation of a merger between the limited liability companies beyond the boundaries of one country according to a simplified procedure.
Currently the sole shareholder of UADB ERGO Lietuva is ERGO International AG.
The change of survey methodology will enable assessing the financial standing of households more precisely
The Board of the Bank of Lithuania changed the statistical survey methodology for the financial standing of households having been issued a loan. This was done with the occurrence of a possibility to obtain additional data from the Residents’ Register Service under the Government and having changed the Loan Risk Database classifier.
This change will enable, considering the borrowing practice applied by banks, to more precisely assess the solvency possibilities and the actual financial standing of borrowers.
To assess the financial standing of households, the Bank of Lithuania currently conducts surveys of households having been issued a housing loan on an annual basis.