LT: Bank of Lithuania inspects Snoras bank.

By bne IntelliNews January 19, 2011
Bank of Lithuania inspects Snoras bank and provides strict recommendations for improvements in management and risk control. Board of Bank of Lithuania indicated to Snoras management that there is need to increase the equity of the bank in order to ensure sustainable operations. The board as well indicated that the bank has not corrected all the flaws of operations indicated in the previous inspection. The head of Snoras management is obliged to come and report to the board of the Bank of Lithuania.
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