The board on Thursday issued a green light for the Lithuanian bank to repay a 45 million euros loan extended in 2007 and a 25 million euros ten-year loan provided back in 2005.
In November 2010 the central bank decided to deny early repayment of a 86.32 million litas subordinated ten-year loan by SEB Bankas. This was the first time that the central Bank of Lithuania had not allowed an early repayment by a commercial bank of a subordinated loan, which would reduce its Tier 2 capital.
The central bank then said that “now is not a good time to reduce the bank’s capital.”
2012-05-31 17:34
Lithuania’s SEB Bankas gets nod for early repayment of 70-million-euro loans
The board of the Bank of Lithuania has given the go-ahead for SEB Bankas to repay before maturity two 241.7 million litas (EUR 70 m) worth subordinated loans extended to Lithuania’s largest commercial bank by its shareholder, Sweden’s Skandinaviska Enskilda Banken (SEB).
SEB / Irmanto Gelūno / BNS nuotr.
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