Snoras controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Regulatory findings and bank collapse
A Bank of Lithuania inspection identified poor asset quality, weak risk management, inadequate operating data, and disregard of recommendations to reduce operating risks. Authorities also cited concerns about possible credit default and non-transparent financial activity by managers. The findings preceded nationalization, suspension of operations, and bankruptcy proceedings.