Law on Banks definition

Law on Banks means the Law on Banks of the Republic of Lithuania;
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Law on Banks means Law no. 04/L-093 on Banks, Microfinance Institutions and Non-Bank Financial Institutions and / or the Law in force for banks;
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Examples of Law on Banks in a sentence

  • The Bank while performing its activities shall also act in accordance with the Law on Financial Institutions of the Republic of Lithuania, the Company Law of the Republic of Lithuania and other legal acts if the Law on Banks of the Republic of Lithuania does not provide otherwise.

  • Total amount of the equity capital parts of the Bank, set in paragraphs 3.2.1 to 3.2.4 and 3.2.7 can be no less than the minimum amount, prescribed in the Law on Banks.

  • Any violation of this Regulation shall be subject to the remedial measures and penalties provided for in Articles 58, 59 and 82 of the Law on Banks.

  • In its activities the Bank also follows the Law on Financial Institutions, Law on Companies and other legal acts, unless the Law on Banks provides for different rules.

  • The Bank in its activities shall follow the Constitution, the Civil Code, the Law on Banks of the Republic of Lithuania, legal acts, adopted by the supervising authorities, as well as present Charter.

  • In accordance with the provisions of the Law on Banks, the Bank operates on the principles of liquidity, safety and profitability.

  • In addition, in accordance with the Amendments and Supplements to the Law on Banks (Official Gazette of the Republic of Serbia no.

  • While there are rumors, half-truths, and sometimes unsubstantiated reports, the financial media generally provide a useful amount of information to the public.The Law on Banks does specify that the dissemination of false information that can undermine the reputation of a bank can lead to a fine of 50-200 million leva—up to nearly$100,000 at end 2000 exchange rates—for media concerns.

  • Personal data gathered and processed is treated as a banking secret within the meaning of the provisions of the Law on Banks.

  • The Law on Banks does not set out specific filing or publication requirements for general-purpose financial statements.

Related to Law on Banks

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Bank of America means Bank of America, N.A. and its successors.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • New York Federal Reserve s Website" means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website;

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.