2012-03-06
The Board of the Bank of Lithuania was informed about the results of inspection of the MP Bank hf. Baltic Branch.
Correctness of the preparation of financial statements and reports for supervisory purposes submitted to the Bank of Lithuania, the way of ensuring compliance with the liquidity ratio and Bank of Lithuania requirement for the liquidity buffer and counterbalancing capacity, as well as effectiveness of the internal control were checked. By way of selective check-up, compliance with the requirements of the Bank of Lithuania for data entry into the Loan Risk Database was checked.
MP Bank hf. Baltic Branch informed the Bank of Lithuania about the elimination of activity shortcomings indicated in the inspection report.
The Credit Institutions Supervision Department was instructed to inform the credit institution MP Bank hf. of the Republic of Iceland and the Supervisory Authority of the Republic of Iceland about the results of the inspection of the MP Bank hf. Baltic Branch.