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Balance of Payments of the Republic of Lithuania, April 2012
2012 06 15
In April 2012, the deficit on the current account (CAD) of the country’s balance of payments declined month on month by LTL 712.3 million as a result of a lower deficit on the trade balance and higher surplus on the balance of current transfers....
Rules approved
2012 06 14
The Board of the Bank of Lithuania approved the Rules of the Compulsory Civil Liability Insurance for Property or Business Valuation Enterprises and Independent Property or Business Valuators. They regulate the main terms and conditions of the...
Licence of an insurance brokerage company withdrawn for “APDRAUDA LT”
2012 06 14
The Board of the Bank of Lithuania withdrew the licence of an insurance brokerage company issued to UADBB “APDRAUDA LT” (Vilnius) by the resolution of the Insurance Supervisory Commission of 2 May 2006.
Licence of an insurance brokerage company issued to the company “Benitas”
2012 06 14
The Board of the Bank of Lithuania decided to issue a licence of an insurance brokerage company to the newly established insurance company UADBB “Benitas”. This licence grants the right to engage in insurance mediation activity.
The company “Synergy Finance” will receive the operating licence of an investment fund management company
2012 06 14
The Board of the Bank of Lithuania decided to issue the licence of a management company operating under the Law on Collective Investment Undertakings, which grants the right to manage collective investment undertakings investing in other...
A payment institution licence will be issued to Click2Sell
2012 06 14
The Board of the Bank of Lithuania decided to issue a payment institution licence to UAB Click2Sell, which grants the right to provide the payment service specified in Article 5(6) of the Law on Payments (money remittances).
Decisions of the Supervision Service of the Bank of Lithuania
2012 06 14
Balance Sheet of the Bank of Lithuania, May 2012
2012 06 14
In May 2012, external assets and external liabilities of the Bank of Lithuania decreased by LTL 3.4 billion and LTL 303.2 million respectively. At the end of the month these indicators were equal to LTL 18.6 billion and LTL 126.3 million...
Permission issued to invest pension assets of the pension fund “DNB Pensija 1” and investment conditions established
2012 06 14
The Board of the Bank of Lithuania allowed UAB “DNB investicijų valdymas” to invest up to 60% of the value of net assets comprising pension assets of the pension fund for the accumulation of a part of the state social insurance contribution “DNB...
Permission granted to approve the rules of the investment fund “Finasta Sigma”
2012 06 14
The Supervision Service of the Bank of Lithuania gave permission to approve the rules, full and simplified prospectuses of open type special alternative investment fund “Finasta Sigma” created by UAB “Finasta Asset Management”. Besides, UAB...
Credit union “Centrinė taupomoji kasa” was instructed to eliminate shortcomings
2012 06 14
The Supervision Service of the Bank of Lithuania instructed the credit union “Centrinė taupomoji kasa” to remove violations of legal acts and drawbacks in its operations ascertained during the inspection by 30 June 2012 and to notify the...
Permission to establish a representative office in the Republic of Lithuania was not issued to the bank “Investicionnyj torgovyj bank”
2012 06 14
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.
Audited results of credit institutions’ activity in Lithuania for 2011
2012 06 14
According to the audited data as of 1 January 2012, the assets of operating banks of the country amounted to LTL 79 billion and declined over the year by 3.3 per cent or LTL 2.7 billion (after excluding the factor of AB bankas SNORAS, the annual...
Permission issued to become a member of the Supervisory Council of DNB bank
2012 06 13
The Supervision Service of the Bank of Lithuania considered the request of AB DNB bank for permission to Mr. Olaf Tronsgaard to become a member of the bank’s Supervisory Council. The decision was made to issue this permission.
Licence of an insurance brokerage company withdrawn for UADBB “Swedbank draudimo brokeris”
2012 06 13
The Board of the Bank of Lithuania decided to cancel the insurance brokerage company activity licence of UADBB “Swedbank draudimo brokeris”. The decision was taken following a request by UADBB “Swedbank draudimo brokeris”.
Insurance activity licence of ADB “ERGO Lietuva” amended
2012 06 13
The Board of the Bank of Lithuania made amendments to the insurance activity licence issued to ADB “ERGO Lietuva” by the Insurance Supervisory Commission of the Republic of Lithuania on 15 March 2005.
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