Bank’s business planmodification date 18 January 2019
In accordance with Article 30(1) point 4 of the Banking Law, the establishment of a bank may take place if the bank’s business plan for the period of at least three years, submitted by its founders, indicates that the activity will be safe for the funds held at the bank. All aspects of the bank’s intended activity, that is, not only services provided its clients but also the organisation of the future bank, or its support activities (e.g. marketing) should be included in the plan. The business plan should be based on real and reliable assumptions, and be internally consistent, in particular, assumed financial figures should reflect the assumptions pertaining to operating activities and organisation, including planned expenditures.