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2012-02-23 Bank SNORAS has received applications from 1610 clients concerning set-off, the majority of them have been examined
The bankruptcy administrator of Bank SNORAS has received applications from 1610 clients to whom the set-off of loans and deposits is applicable above 5000 LTL; he has examined 1360 of them and made decisions, and shortly decisions will be made concerning the remaining 250 applications. | More
2012-02-10 Clients will be able to transfer the securities assets kept in Bank SNORAS
The Bankruptcy Administrator has completed the investigation into the ownership rights in respect of assets issued by Lithuanian issuers held in custody accounts for its clients.

AB Bankas Snoras (the “Bank”) operated a brokerage business and acted as custodian on behalf of individual clients for certain assets such as bonds and securities. These assets are held in custody accounts on behalf of the individual clients. In the view of the Bankruptcy Administrator these assets belong to the respective clients and not to the bankruptcy estate. Following initiation of bankruptcy proceedings, the Bank can no longer act as custodian or maintain custodian accounts. Therefore, the assets held for these clients need to be transferred to external custody accounts at other financial institutions. | More
2012-02-09 Over 25,500 of Bank „Snoras“ creditors have submitted their Claims up to yesterday
Up until Thursday 9th February the day before the deadline set by the Court the Bankruptcy Administrator has received over 25,500 creditors‘ claims. Approximately half received by post, the other half were completed by the creditors at the Bank‘s branches. | More
2012-02-01 Potential investors showing strong appetite for Snoras businesses
The first phase in the sale process of Finasta and the retail banking network, Snoro Lizingas, and infrastructure of the old Snoras bank has now finished. Non-binding, indicative offers were received for both businesses, showing strong investor appetite. | More
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