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

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.

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

  • 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;

  • Custodian bank means as defined in section 515.35.

  • Non-Bank Certificate has the meaning specified in Section 3.01(b).

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

  • KeyBank means KeyBank National Association.

  • Scotiabank means The Bank of Nova Scotia.

  • 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.