OREANDA-NEWS. On 24 April 2009 was announced, that Bank of Lithuania held the meeting of the Board.

1. On approval of the 2008’s Financial Statements of UAB Lietuvos monetu kalykla (Lithuanian Mint)

The Board of the Bank of Lithuania approved the 2008’s Financial Statements of UAB Lietuvos monetu kalykla (Lithuanian Mint).

The Vilnius-operating enterprise owner’s rights and obligations belong to the Bank of Lithuania.

2. On allocation of the 2008’s distributable profit of UAB Lietuvos monetu kalykla (Lithuanian Mint)

The Board of the Bank of Lithuania approved the proposal by UAB Lietuvos monetu kalykla to allocate the enterprise’s distributable profit for 2008 as follows: the amount of LTL 1,000,000 will go to statutory reserve, LTL 600,000 to dividends, LTL 300,000 to social and similar purposes, while the retained profit (LTL 3,782,364) will be carried forward to the next financial year.

3. On increasing authorised capital of UAB Lietuvos monetu kalykla (Lithuanian Mint)

To increase the authorised capital of UAB Lietuvos monetu kalykla the Board of the Bank of Lithuania decided to use LTL 3,440,200 of the enterprise’s own funds as well as the enterprise’s retained profit for 2008 and issue 34,402 new non-material ordinary shares with the nominal value of LTL 100 per item to be granted gratuitously to the government, the single owner of the company's shares. The company’s authorised company will grow from LTL 15,559,800 to LTL 19,000,000.

The increase of the authorised capital of UAB Lietuvos monetu kalykla (Lithuanian Mint) will require amendments to the enterprise’s Articles of Association. The Board of the Bank of Lithuania therefore took a decision to amend them. The authorised capital of an enterprise is deemed to have been increased only after registering of the enterprise’s amended Articles of Association with the Legal Entities Register.

4. On amending Resolution No. 10 „On pricing regarding answers to inquiries submitted to the Credit Risk Database, pricing“ of February 12, 2004 by the Board of the Bank of Lithuania.

To facilitate commercial banks’ access to the Credit Risk Database and improve credit risk management the Board of the Bank of Lithuania decided to cut the price for one answer to a short 1st type inquiry received by the Credit Risk Database. From July 1, 2009 it will be LTL 0.25 instead of the existing LTL 0.55.

The price for one answer to the 1st, 2nd, 3rd and 4th type inquiry sent to the Credit Risk database will remain unchanged at LTL 0.55.

5. On permission to register amendments to the Articles of Association of Bankas SNORAS

The Board of the Bank of Lithuania permitted AB Bankas SNORAS to register amendments to its Articles of Association due to the amendments associated with the competence of the head of the bank board and administration, approved during the general meeting of the bank’s shareholders on 18 March 2009.

6. On approval of the Bank of Lithuania’s Annual Report

The Board of the Bank of Lithuania approved the 2008’s Annual Report of the Bank of Lithuania.

Each year the Bank of Lithuania publishes its Annual Report which also includes the Auditors’ Report. The Annual Report will be issued as a separate publication and also available on the Bank of Lithuania’s website.