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Amendments to rules

The Board of the Bank of Lithuania made changes to the requirements for the supervision of foreign bank branches and cooperation with supervisory institutions of other EU Member States during the branch supervision. They were supplemented with...

Bank of Lithuania fires Ramonas, head of credit institutions supervision department

The Governor of the Bank of Lithuania ordered to take a disciplinary action against Kazimieras Ramonas, head of the Credit Institutions Supervision Department, which includes dismissal of the latter for a severe infringement of labour discipline.

General Provisions for the Calculation of Capital Adequacy amended

The Board of the Bank of Lithuania amended the General Provisions for the Calculation of Capital Adequacy taking into account the amendments to the Republic of Lithuania Law on Financial Institutions and the Republic of Lithuania Law on Banks...

The Bank of Lithuania is taking initiative to strengthen the protection of bank secret

The Bank of Lithuania recognized that the legal regulation of bank secret in the country is not sufficiently clear, and the legal gaps create preconditions for a different interpretation of the requests to provide such information.

AB “Žemaitijos pienas” fined for late notification of manager of issuer’s transaction

The Board of the Bank of Lithuania examined the protocol of violation drawn up against AB “Žemaitijos pienas” and fined the latter with LTL 1000 for late notification of the transaction concluded by manager of the issuer A. Pažemeckas today.

Regarding acquisition by EBRD of the qualifying holding in the authorised capital / voting rights AB Bank Citadele

The Board of the Bank of Lithuania does not object to the acquisition by European Bank for Reconstruction and Development (EBRD) of the qualifying holding in the authorised capital / voting rights AB Bank Citadele. This was the stance of the board...

The inspection results of AB “Citadele” bankas and results of supervisory review and assessment

The Credit Institutions Department of the Bank of Lithuania carried out a target inspection of AB “Citadele” bankas (the former name - PAREX BANKAS). Today, the Board of the Bank of Lithuania discussed the results of the inspection.

Information on the results of credit union inspections in the third quarter of 2010

The Board of the Bank of Lithuania was presented the information of the Credit Institutions Supervision Department on the results of credit union inspections in the third quarter of 2010. During this period full-scope inspections were conducted in...

Permission for AB SEB bankas to repay a subordinated loan before maturity

The Board of the Bank of Lithuania did not give permission for AB SEB bankas to repay before the maturity a subordinated 10-year loan of EUR 25 million (an equivalent of LTL 86 320 000 million) received from the Swedish Bank Skandinaviska Enskilda...

Results of the inspection, supervisory review and assessment of AB bankas SNORAS

The Board of the Bank of Lithuania considered a report on the inspection of AB bankas SNORAS and strictly assessed identified shortcomings of the bank performance and violations of legal acts.

Issue of a payment institution licence to UAB ”Perlo paslaugos”

The Board of the Bank of Lithuania decided to issue a payment institution licence to UAB ”Perlo paslaugos” that grants a right to provide a payment service (money remittances) listed in Paragraph 6 of Article 5 of the Republic of Lithuania...

Issue of a limited operation licence of a payment institution to UAB ”Antigravity payment systems”

The Board of the Bank of Lithuania decided to issue a limited operation licence of a payment institution to UAB ”Antigravity payment systems” that grants a right to render a payment service (money remittances) listed in Paragraph 6 of Article 5 of...

Issue of a limited operation licence of a payment institution to Payment Workstation Systems, UAB

The Board of the Bank of Lithuania decided to issue a limited operation licence of a payment institution to Payment Workstation Systems, UAB (Vilnius) that grants a right to render a payment service (money remittances) listed in Paragraph 6 of...

Results of the inspection and results of the supervisory review and assessment of AB SEB bankas

Members of the Board of the Bank of Lithuania discussed the report of the target inspection of AB SEB bankas. The inspection focused on the management and internal control, and the management of credit, liquidity, market and operational risks of...

Issue of a payment institution licence to AB Lietuvos paštas

The Board of the Bank of Lithuania decided to issue a payment institution licence to AB Lietuvos paštas, which grants a right to provide payment services listed in Paragraphs 1, 2, 3, 5 and 6 of Article 5 of the Republic of Lithuania Law on Payments.

Issue of a payment institution licence to UAB SOLLO

The Board of the Bank of Lithuania decided to issue a payment institution licence to UAB SOLLO, which grants a right to provide a payment service listed in Paragraph 6 of Article 5 of the Republic of Lithuania Law on Payments. The company...

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