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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...
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.
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