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Bank of Lithuania fires Ramonas, head of credit institutions supervision department

November 30, 2011

The Governor of the Bank of Lithuania ordered to take a disciplinary action against Kazimieras Ramonas, head of the Credit Institutions Supervision Department, which includes dismissal of the latter for a severe infringement of labour discipline.

The punishment was imposed referring to Article 136(3)(2) and Article 235(1), Article 235(2) (4 and 11) of the Labour Code on inappropriate performance and excessive bureaucracy while performing his official duties specified in the Regulations of the Credit Institutions Supervision Department.

Aldona Jočienė, head of the Banking Inspection Unit, was appointed today the acting director of the Credit Institutions Supervision Department of the Bank of Lithuania.

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