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The Board of the Bank of Lithuania removed some restrictions on AB bankas SNORAS services
2012 03 06
AB bankas SNORAS customers – natural persons and legal entities – will be able to transfer or withdraw funds in the amount not exceeding LTL 500 per day from each of their accounts, if the payment operation is performed by the customer using a...
The Bank of Lithuania refused to issue permission to register an amendment to AB bankas SNORAS articles of association regarding the increase of capital
2012 03 06
After determining that former main AB bankas SNORAS shareholders Vladimiras Antonovas and Raimondas Baranauskas are not persons of impeccable reputation, the Board of the Bank of Lithuania decided to refuse to register the amendment to the bank’s...
The Bank of Lithuania revoked the licence of AB bankas SNORAS and will apply to court regarding bankruptcy
2012 03 06
The Board of the Bank of Lithuania recognised AB bankas SNORAS as insolvent and will apply to the Vilnius District Court regarding the initiation of the bankruptcy case. Due to the initiation of the bankruptcy case, the licence issued to the bank...
Another payment institution licence will be issued
2012 03 06
The Board of the Bank of Lithuania decided to issue to UAB “Godlija” (Radviliškis) a payment institution licence which gives the right to provide the payment service specified in Article 5(6) of the Law on Payments of the Republic of Lithuania –...
The subordinated loan was permitted to be used longer
2012 03 06
The Board of the Bank of Lithuania granted permission to Medicinos bankas to use a EUR 10 million (equivalent to LTL 34.528 million) subordinated loan until 1 June 2020 and include it into Tier II capital of the bank. The bank received this loan...
The bank branch was permitted to discontinue its activities
2012 03 06
The Board of the Bank of Lithuania gave permission to Allied Irish Banks, p.l.c. Lithuanian branch to discontinue its activities.
AB Ūkio bankas permitted to register amendments to its articles of association providing for an increase in its authorized capital
2012 03 06
The Board of the Bank of Lithuania permitted AB Ūkio bankas to register amendments to its articles of association related to an increase in its authorized capital to LTL 345,824, approved at the general shareholders’ meeting on 25 March...
Results of inspection of AB Šiaulių bankas discussed
2012 03 06
The Board of the Bank of Lithuania discussed the results of the inspection of AB Šiaulių bankas . During the inspection, credit and liquidity risk management was reviewed.  Attention was paid to the fact that the Bank’s capitalization level...
Results of the inspection of AS “UniCredit Bank” Lithuania branch have been considered
2012 03 06
The Board of the Bank of Lithuania considered results of the inspection of the bank AS “UniCredit Bank” Lithuania branch. Correctness of the preparation of financial statements and reports for supervisory purposes submitted to the Bank of...
No objections have been received regarding the appointment of the Manager of the Klaipėda Branch of AB “Citadele” Bank
2012 03 06
AB “Citadele” Bank informed that Jurgita Šimanskienė was appointed Manager of its Klaipėda Branch. The Board of the Bank of Lithuania did not object to this appointment.
Permits granted to establish one investment fund and to wind up another one
2012 03 06
The Board of the Bank of Lithuania allowed UAB “Novus Asset Management” to approve the regulations of the open type complex special fund of investment in transferable securities “Novus Strategic Funds” being established by this company (which...
Report on the inspection of AB Bank Finasta discussed
2012 03 06
The Board of the Bank of Lithuania discussed the report on the inspection of AB bank Finasta conducted by the Bank of Lithuania.  The inspection focussed on individual issues in relation to the Bank’s management and internal control, credit...
Discussed the Supervisory Review and Evaluation Process of AB SEB Bank
2012 03 06
The Board of the Bank of Lithuania was provided with information on the Supervisory Review and Evaluation Process of AB SEB Bank and its results. During it, the process of evaluation of the Bank’s internal capital was assessed.
Mandatory tender offer circular regarding AB “Anykščių vynas” approved
2012 03 06
The Bank of Lithuania approved the mandatory tender offer circular submitted by FR&R Invest IGA S.A. (Luxembourg) with the intent to buy up the remaining ordinary registered shares of AB “Anykščių vynas” at the price of EUR 0.095 (nine and...
Mandatory tender offer circular regarding AB “ALITA” approved
2012 03 06
The Bank of Lithuania approved the mandatory tender offer circular submitted by FR&R Invest IGA S.A. (Luxembourg) with the intent to buy up the remaining ordinary registered shares of AB “ALITA” group of companies at the price of EUR 0.616...
The Lithuanian Central Credit Unit permitted repaying subordinated loan
2012 03 06
The Board of the Bank of Lithuania permitted the Lithuanian Central Credit Union repaying the subordinated loan of EUR 400 000 (equivalent to LTL 1 381 120) received under the subordinated loan agreement of 24 October 2007 from Oikocredit,...
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