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Repayment of subordinated loan before maturity allowed
2012 03 06
The Board of the Bank of Lithuania allowed AB SEB bankas, who aims at optimising its capital base and reducing its borrowing costs, to repay to the Skandinaviska Enskilda Banken AB financial group the subordinated loan in the amount of EUR...
Information on the inspection results presented to the Board
2012 03 06
Inspection results will be communicated to the Swedish bank Skandinaviska Enskilda Banken AB and the credit institutions supervisory authority of the Kingdom of Sweden.
Vilnius Credit Union will be able to perform all financial operations again
2012 03 06
The Board of the Bank of Lithuania lifted the restrictions on certain financial operations applied to Vilnius Credit Union imposed on 5 May 2011 due to the deficiencies in the operation of the Union and breaches of legal acts identified during its...
Kaunas Credit Union allowed to increase its capital base
2012 03 06
The Board of the Bank of Lithuania allowed Kaunas Credit Union to include the subordinated LTL 700 000 loan with a maturity of 6 years, granted on 29 August 2011 by the Lithuanian Central Credit Union, in its Tier II capital. According to the...
Permission to act as Head of Administration of the Credit Union given
2012 03 06
The Bank of Lithuania received a request from Grigiškės Credit Union for permission for Daiva Vaidogienė to become acting Head of Administration of this Credit Union during the illness, holidays or business trips of the Head of...
New name, AB DNB bankas, to be written in the license
2012 03 06
The Board of the Bank of Lithuania gave green light to AB DnB NORD bank to register amendments to the provisions of its Statute, related to the bank's name and competence of its Supervisory Council, which were approved on 19 September 2011 by...
Bank allowed to repay subordinated loans
2012 03 06
The Board of the Bank of Lithuania allowed AB DnB NORD bank to repay nine subordinated loans prior to their stated maturities, which were received in 1998 and in the period 2003 to 2008. The permission was issued in view of the fact that the...
UAB Bitė to be issued a license of a payment institution with restricted activities
2012 03 06
The Board of the Bank of Lithuania decided to issue to UAB Bitė a license of a payment institution with restricted activities, which gives the right to provide the payment service specified in Article 5(7) of the Law on Payments of the Republic of...
Medicinos bankas instructed to remove deficiencies in its operation
2012 03 06
The Board of the Bank of Lithuania discussed the results of the target inspection of Medicinos bankas conducted by the Credit Institutions Supervision Department. The inspection focused on management, internal control, and the management of...
Another payment institution licence to be issued
2012 03 06
The Board of the Bank of Lithuania decided to issue a limited licence to act as a payment institution to UAB Ignalinos butų ūkis , which entitles to providing the payment service established in Article 5 (6) of the Republic of Lithuania Law on...
Bank “Finasta” was allowed to register the articles of association with the indicated increased capital
2012 03 06
The Board of the Bank of Lithuania gave permission to bank “Finasta” to register amendments to its articles of association related to the change in the number of shares and the increase of the bank’s authorised capital to LTL 38,000,000 approved...
Amendments to the Rules of Investment Funds of UAB “Ūkio banko investicijų valdymas” approved
2012 03 06
The Board of the Bank of Lithuania approved of the amendments to the rules drawn up by UAB “Ūkio banko investicijų valdymas“ of harmonised investment fund “Ūkio banko obligacijų fondas“, harmonised investment fund “Ūkio banko racionalaus...
Information on the activity of credit and payment institutions
2012 03 06
The information on the activity of credit and payment institutions in the third quarter of 2011 provided by the Credit Institutions Supervision Department of the Bank was presented to the Board of the Bank of Lithuania. The review of this activity...
The Board of the Bank of Lithuania gave its authorisation to administrate the representative office of a Russian Federation bank in Vilnius
2012 03 06
The Board of the Bank of Lithuania did not object to the nomination of Elmaras Milinavičius as the manger of a commercial bank Investicionnyj Torgovyj Bank (public limited liability company). Currently, the Bank of Lithuania considers the...
The Board of the Bank of Lithuania amended the Rules for the Administration of the Loan Risk Database
2012 03 06
Obligation of the Lithuanian Central Credit Union and credit unions to submit information to the Loan Risk Database will be applicable from 2 April 2012. The said decision is envisaged in the amended Rules for the Administration of the Loan Risk...
Temporary administrator of AB bankas SNORAS appointed
2012 03 06
The Board of the Bank of Lithuania ruled out to appoint a temporary administrator of AB bankas SNORAS and apply temporary preventive measures to ensure protection of the bank‘s assets. The decision was taken to effectively protect the interests of...
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