The Bank of Lithuania and AB bankas SNORAS concluded an agreement, which permits this bank’s customers to perform their obligations to AB bankas SNORAS in the manner convenient to them. The late fees will not be calculated for the period when AB bankas SNORAS customers could not perform their obligations due to legal and technical obstacles.
According to the agreement, AB bankas SNORAS, which is under bankruptcy proceedings, has been permitted to use the payment systems infrastructure of the Bank of Lithuania. Customers that received loans from AB bankas SNORAS, have debts according to credit card agreements or other obligations to this bank will be able to perform regular payments in litas.
After signing the agreement, AB bankas SNORAS will complete the last preparation works and will renew the acceptance of loan payments in the middle of the next week.
AB bankas SNORAS bankruptcy administrator will inform about specific details on payments next week.