OREANDA-NEWS. January 5, 2012. Bankruptcy administrator of the bank SNORAS requests that clients make payments according to the established procedures which will help SNORAS to handle financial operations efficiently.

The clients shall pay instalments and other payable sums according to the loan agreements in two ways.

•    Payments in litas must be transferred to the client's account for instalments in Bank SNORAS, as it is indicated in the loan agreement.

•    Payments in currency shall be transferred only to Bank SNORAS account in AB SEB bank No. LT217044060007787462.

Clients who want to pay SNORAS loans instalments in cash have to pay these funds into their bank account and then transfer the instalment electronically to the SNORAS account set out in their loan agreement.

Starting 28 December 2011 clients can pay the instalments due and other sums, which had to be paid according to the loan payment schedule from 16 November 2011 until 28 December 2011. All subsequent loan instalments and other payable sums from 28 December 2011 must be paid by the clients under the order established in the agreement.

The Bankruptcy Administrator of the bank SNORAS, taking into consideration that the clients did not have an opportunity to pay the instalments and other payable sums for the granted loans on time, made the decision not to apply the default interest and the commitment fees in the period from 16 November 2011 until 31 January 2012.

From 1 February 2012, default interest will begin to be calculated for the clients who did not cover the sum of the accumulated debt and did not renew the payment of the instalments under the order established in the loan agreements.

Clients who want to repay the loan in full prematurely or in part should contact the bank Contact centre or fill in the application form on the bank website http://www.snoras.com/en/paskolosforma or send the e-mail to address loans@snoras.com .