Bank of Lithuania
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 inspection. Such a decision was taken considering the fact that Vilnius Credit Union meets the established capital adequacy requirement (13%) and the Union’s provided information on the elimination of the breaches of legal acts and operational deficiencies identified during its inspection.