Bankas Snoras AB : After resuming payments of installments for loans, the bank “Snoras” has already been paid 50 millions of litas (loans and interest)

After resuming payments of installments for loans, since the 28th of December, 2011, the Clients of the bank "Snoras" have paid over 42 millions of litas and more than 7 millions of litas of interest. The major part of the paid loans are payments in litas - more than 36 million of litas. The remaining part - in euros and US dollars.

At the moment the clients of the bank "Snoras" make payments for various financial obligations to the bank "Snoras", including mortgages, credit and debit card debts, various types of consumer loans, student's loans, factoring for businesses, working capital loans, bills and so on.

"The biggest part of the payments received are settlement by businesses for loans and factoring services - such payments represent more than half of the total amount received. Also a large part of it are residents transfers for the housing loans according to the agreed payment schedule", - says Neil Cooper, the Bankruptcy Administrator of the bank "Snoras".

According to him, the majority of the clients, do not have a bank deposit and the payment procedure for them is clear. Those clients, who had deposits and loans at "Snoras", will be informed before the end of this motnth about the precise application of the set off procedure, wheren the clients' liabilities to the Bank will be covered by the deposits and current account balances.