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2014-10-29 WORKING TIME INFORMATION
Dear Clients,
We hereby inform you that on 31 October 2014 all BAB Bank SNORAS subdivisions, including the headquarters, will work:
From 08:00 to 14:45. Lunch break from 12:00 to 12:45.
Administration
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2014-10-07 “Akcinė bendrovė bankas Snoras (in administration) (Snoras) and Ernst & Young Baltic UAB (EYB) have reached a settlement on matters concerning EYB’s audits of Snoras
“Akcinė bendrovė bankas Snoras (in administration) (Snoras) and Ernst & Young Baltic UAB (EYB) have reached a settlement on matters concerning EYB’s audits of Snoras prior to the bank being nationalised in 2011. As part of this settlement EYB has agreed to pay LTL40,000,000 into the bankruptcy estate. The parties are pleased to have the matter resolved amicably and in a manner that is mutually beneficial to both parties and Snoras’ creditors. The settlement has concluded without any admissions of responsibility by either party and recognises the commercial benefits in bringing this matter to a close.
The settlement agreement has been approved by Snoras’ Creditors’ Committee. Court approval will now be sought from Vilnius District Court, which will trigger payment to the bankruptcy estate.
No further comments will be issued.”
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AB Bank SNORAS
7 A.Vivulskio Str. LT-03221 Vilnius
Phone: + 370 5  239 2239
Fax: + 370 5  232 7300
E-mail: info@snoras.com
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