OREANDA-NEWS. May 10, 2012. The Bankruptcy Administrator and his team confirm that between 16 November 2011 and 13 April 2012, repayments totalling LTL 256 million have been successfully collected from BAB Bankas Snoras borrowers. Of this total, LTL 45 million relates to the interest payable on these loans, reported the press-centre of Bankas Snoras.

There are currently 93,698 retail customer loans and 1,299 corporate loans held by BAB Bankas Snoras borrowers.

Neil Cooper, Bankruptcy Administrator of BAB Bankas Snoras commented:
“My team and I have worked hard, along with the employees of the Bank, to ensure that loan holders can continue to service their loans with minimal disruption. The loan portfolio is a key asset of BAB Bankas Snoras which will be maximised for the benefit of creditors.”

“We continue to focus on making it as easy as possible for customers to make repayments and endeavour to answer questions as quickly as possible. Every month since the bankruptcy announcement, we have assisted an average of 100 customers with their loan enquiries.”