iauli bank branch. Photo by Judith Grigelight (V)
The Board of the Bank of Lithuania has appointed the bank to improperly display the consumer credit of the bank.
The Bank of Lithuania found that the standard information in advertised consumer advertisements on TV was indicated in a typical example with a smaller number than the promotional text information and was displayed in a short time.
For the iauli bank, the annual general operating result was 0.03% EUR 28.113 per year.
The bank announces that the fine imposed on the performance and financial performance of the bank is not applicable.
When advertising financial services, the Bank follows the principles of responsible lending and seeks and will in the future strive to adequately meet the requirements set out in the legal tender for advertising financial services; – the report is distributed via the Nasdaq Vilnius messaging service.
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