Bank of Lithuania definition

Bank of Lithuania or "BOL" means the central bank of the Recipient, established and operating pursuant to the Recipient’s Law on the Bank of Lithuania dated December 23, 1994, as the same may be amended from time to time;

Bank of Lithuania means the Bank of Lithuania, the Lithuanian financial supervision authority.

Bank of Lithuania means the central bank of the Republic of Lithuania, established and operating pursuant to the Law on the Bank of Lithuania, dated December 23, 1994, as the same may be amended from time to time;

Examples of Bank of Lithuania in a sentence

• The maximum exposure requirement to a single borrower established by the Bank of Lithuania is 25 percent.

• The exchange rates in relation to other currencies are set daily by the European Central Bank and the Bank of Lithuania.

• Your funds will not be used by us for any other purpose and in the unlikely event that we become insolvent, your e-money is protected in an EEA-authorised credit institution or the Bank of Lithuania.

• The decision of the Bank of Lithuania is not mandatory for us or you and you, even after the dispute was solved by the Bank of Lithuania, shall have a right to apply to the court.

• In addition to the Bank of Lithuania requirements to limit the exposures to a single borrower and large exposures, the Group also sets exposure requirement, which to a single borrower may not exceed 15 percent of the Bank’s capital.

• Via Payments UAB is authorised by Bank of Lithuania (license number 16) for the issuing of electronic money and payment instruments.

• Addressing us first is a precondition for you applying to the Bank of Lithuania.

• You may only apply to the Bank of Lithuania within 1 year after you received from us a response that is not satisfactory, or after the 15 Business Days for responding has passed and we did not respond.

• When you consider that we have violated the legislation regulating the financial market, you have the right to file a complaint with the Bank of Lithuania regarding possible violations of financial market legislation.

• Stress testing for all of the risks is performed once a year in accordance with the requirements set by the Bank of Lithuania.

More Definitions of Bank of Lithuania

Bank of Lithuania means the central bank of the Republic of Lithuania, established and operating pursuant to the Law on the Bank of Lithuania, dated December 23, 1994, as the same may be amended from time to time; and

Bank of Lithuania means the Central Bank of the Republic of Lithuania which authorises and regulates the subsidiary of Transactive Systems Ltd, Transactive Systems UAB. Bank of Lithuania also provide direct connectivity to the Transactive Group to the SEPA Euro network.