* . * . . .
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
Saturday, July 5, 2025
Love Europe
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
Love Europe
No Result
View All Result
Home Lithuania

Bank of Lithuania appoints a temporary representative to supervise Kevin EU, UAB

October 4, 2024
in Lithuania
Bank of Lithuania appoints a temporary representative to supervise Kevin EU, UAB
Share on FacebookShare on Twitter
ADVERTISEMENT

Following this announcement, the Bank of Lithuania appointed Valneras to temporarily supervise the activities of Kevin EU, UAB, while also applying certain business restrictions. The initiative took place due to the overall threat to the safe and reliable activities of Kevin EU, UAB, and the interest of clients. 

More information on the announcement

According to the official press release, Kevin EU, UAB is almost four months late in the process of submitting the audited annual accounts, and it has repeatedly postponed the deadline for their submission. This does not provide the auditors with the needed information for completing the audit, and it does not comply with the requirements on the adequacy of equity capital, while also not ensuring proper internal control. 

With this information, the Bank of Lithuania appointed the private limited liability company Valneras in order to supervise the activities of Kevin EU, UAB. The institution was instructed to submit to the bank an audited set of annual reports for 2023, the decision of the General Meeting of Shareholders on the distribution of profits (losses), as well as the auditor’s report and the audit report no later than by 30th of August 2024. 

At the same time, the appointment of a temporary representative means that all the decisions of the heads of the institution related to the activities of Kevin EU, UAB will be allowed to be made only with the consent of the temporary representative. In addition, the institution will constantly need to provide the Bank of Lithuania with information about the activities of Kevin EU, UAB. 

The Bank of Lithuania also notes that the temporary representative does not take over the management team of the enterprise and that its appointment will not affect existing customers and their overall ability to use the services. 

However, while Kevin EU, UAB does not meet the equity adequacy requirements, the Bank of Lithuania has instructed the institution to not offer its payment solutions to new customers and users. 

Source link : https://thepaypers.com/online-mobile-banking/bank-of-lithuania-appoints-a-temporary-representative-to-supervise-kevin-eu-uab–1269332

Author :

Publish date : 2024-07-29 07:00:00

Copyright for syndicated content belongs to the linked Source.

Tags: EuropeLithuania
ADVERTISEMENT
Previous Post

European university venture fund VIVES raises $5.4m from Luxembourg –

Next Post

Liechtenstein, a fun word and a fun time

Related Posts

Lithuania

Poland Deploys 5,000 Troops to Bolster Borders with Lithuania and Germany

Lithuania

Zaha Hadid Architects Triumphs with Stunning New Arrivals Terminal Design for Vilnius Airport

Lithuania

EIB Fuels Lithuania’s Defense with €540 Million Boost for New Military Base

ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
en English
ADVERTISEMENT

Highlights

Doha to Malta Non-Stop Flights Resume, Opening Exciting New Paths for Global Travelers and Cultural Exchange

EU Warns Hungary’s Block May Push Moldova’s Accession Ahead of Ukraine

The Shocking Scandals Behind the Monaco Throne as Prince Albert and Princess Charlene Celebrate Their Wedding Anniversary

Standing with Ukraine: Celebrating Three Years of Resilience, Unity, and Determination

Netherlands Abandons Controversial Law Allowing Minors to Change Their Gender

Categories

Select Category

    Archives

    Select Month
      October 2024
      MTWTFSS
       123456
      78910111213
      14151617181920
      21222324252627
      28293031 
      « Sep   Nov »
      • Contact Us
      • Privacy Policy
      • Terms of Use
      • Cookie Privacy Policy
      • DMCA
      • California Consumer Privacy Act (CCPA)
      No Result
      View All Result
      • Home
      • Politics
      • News
      • Business
      • Culture
      • Sports
      • Lifestyle
      • Travel
      • Opinion

      © 2024 Love-Europe

      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version