Snoras Bank creditors have already been paid almost 0.5bn euros

Creditors have submitted a total of 29,500 declarations of claim against the bankrupt Snoras Bank. 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 percent of creditors’ applications were received from the Russian Federation, 5 percent from the United Kingdom, 2 percent each from the British Virgin Islands, the Bahamas and Panama, and 8 percent from other countries. The remaining 63 percent of claims were received from creditors registered in Lithuania.