SNORAS Bank Temporary Administrator Makes Statement
OREANDA-NEWS. November 25, 2011. We can confirm that we met with representatives of the Creditors' Association earlier this afternoon. We welcome the dialogue and at this meeting they clearly stated their position and proposals, reported the press-centre of SNORAS Bank.
As we are charged with doing we will consider these concerns along with those of all other stakeholders as we continue in our role as Temporary Administrators.
We remain focussed on the current agenda agreed with the Central Bank of Lithuania as we continue to evaluate the Bank's financial position with a view to presenting restructuring options to the Central Bank for their consideration.
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