OREANDA-NEWS. August 29, 2008.
1. On inclusion of a subordinated loan into the capital of AB DnB NORD bankas, reported the press-centre of Bank of Lithuania. 

The Board of the Bank of Lithuania granted permission to  subordinated loan of EUR 26,000,000 with maturity of seven years (equivalent to LTL 89,772,800) received from Bank DnB NORD A/S, the bank’s direct shareholder.

The Board of the Bank of Lithuania approved the decision provided that the loan would not have negative effect on the bank's financial standing and that the loan complies with the requirements for inclusion of subordinated loans in the bank’s capital as laid down in the General Provisions for Subordinated Loans and their Inclusion into Bank’s Capital.

2. On inclusion of profit for current year into the capital of AB bankas Snoras and financial group of AB bankas Snoras.

The Board of the Bank of Lithuania gave permission to AB bankas Snoras to include a part of the retained profit for the 1st half of the current year into the bank’s and financial group’s Tier II capital, the amount of this profit being confirmed by an independent audit company.

The Board of the Bank of Lithuania took the decision after considering the opinion on the retained profit for the current year, which was produced by the independent audit company that performed a full inspection of the company, as well as on the bank’s motifs, bank’s operational results, compliance with prudential requirements, the asset structure, concentration of loans and assets, growth rate and risk management within the bank.