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.

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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.

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