OREANDA-NEWS. May 15, 2009.
1. Results of inspection of the Central Credit Union of Lithuania
The Board of the Bank of Lithuania was presented information on the results of a target inspection of the Central Credit Union of Lithuania. The target inspection focussed on individual issues in relation to the Central Credit Union’s management and internal control, credit and liquidity risk management, reported the press-centre of Bank of Lithuania.

The Board of the Bank of Lithuania instructed the Central Credit Union of Lithuania to remove the deficiencies indicated in the inspection report by 1 July 2009.

2. On permission to become head of AB DnB NORD bank
The Bank of Lithuania received a request from AB DnB NORD regarding permission for Juergen Machalett to become a member of the Bank’s Supervisory Board.

The Board of the Bank of Lithuania did not object to the said person’s membership of the Supervisory Board of AB DnB NORD bank.

3. Review of the economy of Lithuania and medium-term macroeconomic projections
The Board of the Bank of Lithuania was presented the Economics Department’s information on the current situation in the economy of Lithuania and the prospects of its development, and approved the medium-term macroeconomic projections of the Bank of Lithuania.

The report about it is on the Bank of Lithuania’s website.

4. On approval of the sample 50 litas commemorative coin dedicated to the Tytuvenai architectural ensemble (from the series “Historical and Architectural Monuments of Lithuania”)

The Board of the Bank of Lithuania approved the sample 50 litas commemorative coin dedicated to the Tytuvenai architectural ensemble (from the series “Historical and Architectural Monuments of Lithuania”).

The sample coin was minted by UAB Lietuvos monetu kalykla (Lithuanian Mint).

The author of the coin’s graphic design and plaster model is Rytas Jonas Belevicius

The coin is to be issued in the third quarter of 2009.