OREANDA-NEWS. August 11, 2008.
1. On permission to register changes in the Articles of Association of AB DnB NORD bankas, reported the press-centre of Bank of Lithuania.  

The Board of the Bank of Lithuania decided to permit AB DnB NORD bankas to register amendments to its Articles of Association relating to the increase of the Bank’s authorised capital to LTL 590,998,800, which was approved during a general shareholders’ meeting on 28 March 2008.

2. Information about carrying out of instructions given to AB Ukio bankas

The Board of the Bank of Lithuania listened to the information presented by the Credit Institutions Supervision Department on carrying out the instructions given to AB Ukio bankas by Resolution No.1 “On the results of inspection of AB Ukio bankas”.

3. On permission to become head of AB bankas “Snoras”
The Board of the Bank of Lithuania does not object to appointing Valdas Monkus Deputy Administrative Director of AB bankas ” Snoras”.

4. On approval of the procedure for the registration with the Bank of Lithuania of foreign loans without a state guarantee received by legal entities of the Republic of Lithuania and of loans granted to foreign economic entities

The Board of the Bank of Lithuania decided to approve the procedure for the registration with the Bank of Lithuania of foreign loans without a state guarantee received by legal entities of the Republic of Lithuania and of loans granted to foreign economic entities.

The resolution to come into effect from 15 September 2008 provides for a more flexible procedure for the registration of foreign loans with the Bank of Lithuania, and ratios that can be obtained from administrative sources are renounced. The concepts used are explained to data providers in greater detail than in the procedure that had been valid to date.

Legal entities of the Republic of Lithuania will be able to provide data via Internet or in other ways, as well as to review information already provided. These data will also be used for the compilation of financial statistics.

Legal entities of the Republic of Lithuania that had already registered their loans with the Bank of Lithuania and those registering new loans likewise will have to inform about their issuance and repayment as well as of any major changes in the terms and conditions of the contract following the new procedure.

5. On approval of the sample of the second commemorative coin from the series dedicated to mark the millennium anniversary of the mention of the name of Lithuania

The Board of the Bank of Lithuania approved the sample of the 100 litas commemorative gold coin from the series dedicated to mark the millennium anniversary of the mention of the name of Lithuania. The graphic design of the coin is by Liudas Parulskis and its plaster model by Giedrius Paulauskis. The coin is to be issued at the end of September 2008.

6. On the compliance of participants of the Republic of Lithuania Government securities auction with the requirements and criteria applicable to them and the performance of obligations of auction participants

The Board of the Bank of Lithuania discussed the compliance of the Republic of Lithuania Government securities auction participants with the requirements and criteria applicable to them and the performance of their obligations.

The Board decided to acknowledge that the participants of the Republic of Lithuania Government securities auction - AB bankas Hansabankas, AB DnB NORD bankas, financial brokerage company AB Finasta, AB bankas Snoras, AB SEB bankas and AB PAREX bankas - met the relevant requirements and criteria and performed their obligations.