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2012-06-25 Questions and answers from creditors meeting held on 12th June, 2012 are now available
The first meeting of creditors of AB bankas SNORAS (in bankruptcy) took place at the "Siemens" arena in Vilnius, Lithuania on 12 June 2012. During the meeting a question and answer session was held. The questions taken by Neil Cooper during the meeting are now available on the SNORAS website. | More
2012-06-20 SNORAS Creditors’ Meeting Voting Results
The first meeting of creditors of AB bankas SNORAS (in bankruptcy) was held at the "Siemens" arena in Vilnius, Lithuania on 12 June 2012. Approximately 600 creditors or their representatives physically attended the meeting. The formal purpose of the meeting was to approve the agenda of the Creditors' Meeting, appoint the secretary to the Creditors' Meeting, elect a chairman of the Creditors' Meeting and elect the SNORAS Creditors' Committee. | More
2012-06-14 Agreement reached over the sale of the mini-bank kiosks and associated assets
Neil Cooper, Bankruptcy Administrator of AB Bankas SNORAS (in bankruptcy), today confirms that an agreement has been reached with Lithuanian Post (‘Akcinė bendrovė Lietuvos paštas’) over the asset sale of approximately 230 of the mini-bank kiosks located throughout Lithuania.  | More
2012-06-14 Response from Neil Cooper to recent comments from some members of Lithuania’s parliament
Response from Neil Cooper, Bankruptcy Administrator of AB bankas SNORAS, to recent comments from some members of Lithuania’s parliament | More
2012-06-12 Creditors’ Committee elected at today’s first meeting of Creditors of AB Bankas SNORAS (in bankruptcy)
The first meeting of creditors of AB bankas SNORAS (in bankruptcy) has today taken place at the “Siemens” arena in Vilnius, Lithuania. Approximately 600 creditors or their representatives physically attended the meeting. | More
2012-06-12 First meeting of creditors of BAB Bankas SNORAS (in bankruptcy) takes place in Vilnius
The first meeting of creditors of AB bankas SNORAS (in bankruptcy) has today taken place at the “Siemens” arena in Vilnius, Lithuania. | More
2012-06-11 Over 40 Proposals for a SNORAS Creditors’ Committee received by the Bankruptcy Administrator
Neil Cooper, Bankruptcy Administrator of AB Bankas SNORAS (in bankruptcy) confirms that ahead of the creditors’ meeting to take place on 12 June 2012 he has received over 40 proposals for a SNORAS Creditors' Committee and several for the Chairperson of the Creditors’ Committee.
The proposals for a SNORAS Creditors' Committee include the proposal supported by the state enterprise Deposit and Investment Insurance which is supported by more than 60% of the total creditor claims accepted by the Court against SNORAS as at 12 June 2012. The proposal has also received the support of a number of other creditors and the Association of Depositors and Creditors of Snoras.
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2012-06-08 BAB bankas SNORAS Report of Bankruptcy Administrator now available on the website
Neil Cooper, Bankruptcy Administrator of AB Bankas SNORAS (in bankruptcy), has today made his report available which provides information to creditors on the progress of the bankruptcy since his appointment and includes initial financial information and a summary of the activities of the bankruptcy team to date. It can be viewed at http://www.snoras.com/en/about/creditors/index | More
2012-06-08 SNORAS Creditors’ Committee proposal received by Bankruptcy Administrator of BAB Bankas SNORAS (in Bankruptcy)
The advanced voting, in relation to the AB Bankas SNORAS (in bankruptcy) creditors’ meeting, closed at the end of Tuesday 5 June 2012.

Although the calculation of the advanced votes is still being finalised, Neil Cooper, Bankruptcy Administrator, confirms that he has received a proposal for a SNORAS Creditors' Committee from the state company “Deposit and Investment Insurance” (the “DII”) (the “DII Proposal”) which holds approximately 60.7% of the total creditor claims currently accepted by the Court against SNORAS.
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2012-06-08 What should creditors attending the Creditors’ Meeting bring with them?
The first meeting of creditors of AB bankas Snoras (in bankruptcy) will take place on Tuesday 12 June 2012 at 12 noon at the “Siemens” arena, Ozo st. 14, Vilnius, Lithuania.
Due to the large number of creditors and limited capacity, we are only able to invite eligible creditors or one representative for each creditor. Only creditors whose claims are accepted by the effective decision of the Vilnius Regional Court as at 12 June 2012 are entitled to attend and vote at the Creditors’ Meeting.
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2012-06-06 Creditors entitled to attend the Creditors’ Meeting can still pre-register online
The first meeting of creditors of AB bankas Snoras (in bankruptcy) will take place on Tuesday 12 June 2012 at 12 noon at the “Siemens” arena, Ozo st. 14, Vilnius, Lithuania.

Given the limited number of pre-registrations to date, the online registration facility will remain available until Friday 8 June 2012 at www.snoras.com.
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2012-06-06 Members of the press invited to register for post-Creditors’ Meeting press conference
The first meeting of creditors of AB Bankas SNORAS (in Bankruptcy) will take place on Tuesday 12 June 2012 at the “Siemens” arena, Ozo st. 14, Vilnius, Lithuania.

After the Creditors’ Meeting, Neil Cooper, Bankruptcy Administrator of BAB Bankas Snoras (in Bankruptcy) will hold a press conference where questions relating to the items on the agenda of the Creditors’ Meeting will be answered.
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2012-06-05 Appointment of voting monitor to oversee the advance voting and voting in the first Creditors’ Meeting of AB Bankas SNORAS (in bankruptcy)
Neil Cooper, Bankruptcy Administrator of AB Bankas SNORAS (in bankruptcy) confirms the appointment of UAB Grant Thornton Rimess to act as voting monitor for the first Snoras Creditors’ Meeting. | More
2012-06-04 Creditors entitled to attend the Creditors’ Meeting reminded to return their pre-registration form by midnight tomorrow
The first meeting of creditors of AB bankas SNORAS (in bankruptcy) will take place on Tuesday 12 June 2012 at 12 noon at the “Siemens” arena, Ozo st. 14, Vilnius, Lithuania. | More
2012-06-04 SNORAS Creditors’ Committee proposal received by Bankruptcy Administrator of BAB Bankas SNORAS (In Bankruptcy)
Neil Cooper, Bankruptcy Administrator of BAB Bankas SNORAS (in bankruptcy) confirms he has received a proposal for a SNORAS Creditors’ Committee supported by the state company Deposit and Investment Insurance which holds approximately 60.7% of the total creditor claims currently accepted by the Court against SNORAS. | More
AB Bank SNORAS
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Phone: + 370 5  239 2239
Fax: + 370 5  232 7300
E-mail: info@snoras.com
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