In accordance to the third payout plan approved by Vilnius Regional Court, Bank Snoras bankruptcy administrator has paid out LTL 750 million (EUR 217 million) to secondary creditor, state company Deposit and Investment Insurance. After the transaction primary and secondary creditors of bank Snoras will have received a total of LTL 1.7 billion (EUR 487 million).
Creditors have submitted a total of 29,500 declarations of claim against the bankrupt bank Snoras. 17,234 of the declarations have been approved by the court, excluding those which were already covered.
Creditors' applications were received from 57 jurisdictions across the globe. Based on the total value of claims 18% of creditors' applications were received from the Russian Federation, 5% from the United Kingdom, 2% each from the British Virgin Islands, the Bahamas and Panama, and 8% from other countries. The remaining 63% of claims were received from creditors registered in Lithuania.
