Prosecutor: Information about Snoras was concealed for several years

Former director of the Department of Credit Institution Supervision of the Bank of Lithuania Kazimieras Ramonas was concealing from the BL management the information about the property of bankrupt Snoras Bank in Switzerland for a few years.

Two ways to destroy the bank: recipes from Vladimir Romanov and Vladimir Antonov

Neither the Bank of Lithuania, nor the Government, nor financial analysts equate Ūkio bankas and Snoras. Ūkio bankas is half of Snoras, a lot less money was gone from it (it lacks only LTL 1.1 bln., compared with LTL 3.4 bln. in the case of Snoras), Ūkio bankas, unlike Snoras, did not have a bank in Latvia.

Ūkio bankas crash was predetermined by the ambitious projects of the major shareholder Vladimir Romanov, Snoras bankruptcy - possibly criminal activity. Experts from abroad started searching Snoras’s property, in the case of Ūkio bankas, one Lithuanian was enough.

In Ūkio bankas, the majority was the insured deposits. Meanwhile, Snoras bankruptcy carried away millions. Ūkio bankas will not injure the Deposit and Investment Insurance Fund so much - this time it will have to pay LTL 600 mln - 1 bln., depending on how the negotiations on the transfer of Ūkio bankas to Šiaulių bankas will end.

Snoras: Passions are rising

The way out of the crisis of the commercial bank Snoras chosen by the Bank of Lithuania was the only right. And today, according to the chairman of the Bank of Lithuania Vitas Vasiliauskas, in a similar situation, they would have done exactly the same. Association of Snoras Bank creditors and depositors intends to offer their own bank restructuring scenario that would help the creditors and depositors to get invested funds back.

Would do the same

“I often ask myself what I would have done differently. Someone may be disappointed by my answer: “Nothing.” I would not do anything differently, there was no choice, actions and behaviour were dictated by the specific situation and the specific threat. In a similar situation, I would have done exactly the same. Solutions would be the same, the same, I would have suggested the same to the Board, said the same thing to the government”, - said V. Vasiliauskas, speaking to the MPs in the Saeima (the Lithuanian Government).

"Black Friday" of Elvira Nabiullina

FLB: Central Bankrevoked the licenses ofthree banks with a trail of "bloody" crime

According to the press office of the Bank of Russia, the licenses were withdrawn from three Russian banks at a time- reports RBCTV on December 13. The Bank of Project Financing lost the right to carry out the financial transactions. Investbank that belongs to the hundred largest lending institutions in the country also lost its license. In Kaliningrad, the bank experienced difficulties with satisfaction of claims of the early repayment of deposits of all the depositors "because of the depositors’ undue panic, which was caused by an incorrect interpretation of reports in the media and on the forums". This was stated in the bank’s press release.

“Lithuanian problems” of Vladimir Antonov

After the Lithuanian authorities had decided to nationalize Snoras Bank, which until recently was controlled by the head of Converse Group Vladimir Antonov, the mass media ciculated speculation on the criminal proceedings initiated against him. Moreover, both in Lithuania and in Russia. The Moscow Post correspondent reports this.