"In that respect, I would very seriously think – together with the government – about the establishment of a state commercial bank. In the existing situation, this alternative shouldn't be a taboo," Nauseda said in an interview with the delfi.lt news website.
"I think we could start discussions on ways to establish a state commercial bank in Lithuania," he added.
Nauseda also believes the proposed banking asset tax could be moved onto interest rates.
The Lithuanian government is now proposing introducing a 0.03 monthly rate tax on assets exceeding 300 million euros of banks, credit unions and other loan issuers as of next year.
Revenue from such a tax is already included into the 2020 state budget bill, estimated to stand at around 50-60 million euros.
But the Association of Lithuanian Banks says the proposed tax runs counter to the country's Constitution.
New specialized bank starts its operations in autumn
A new specialized bank “ European Merchant Bank ” will start its operations in Lithuania...
Industrialists Confederation's head expects better relations with new president
The head of the Lithuanian Industrialists' Confederation hopes that relations between businesses and...
Noise regarding Scandinavian banks. Are there really too many in Lithuania?
Almost fifty Lithuanian and foreign capital banks have worked in Lithuania since 1989. There have been...
Vasiliauskas calls on MPs to turn to ECB over banking tax
Vitas Vasiliauskas , board chairman of the central Bank of Lithuania , has called on lawmakers to...
Central banker says establishing state bank would be costly
While the emergence of a new player in the Lithuanian banking market would be welcome, establishing...
Nauseda will veto budget if it fails to meet fiscal discipline
Lithuanian President Gitanas Nauseda says he will not sign into law in a budget bill that does not...
Trade representative office in Taipei to start working in several months
The head Lithuanian trade representative office in Taiwan's capital, Taipei, will start working in...
President sees Azerbaijan as important EU partner in weaning off Russian energy
Azerbaijan should become an important partner of the European Union in its efforts to wean itself off...
Lithuania raises non-taxable income threshold to EUR 540
The Lithuanian parliament on Tuesday voted to raise the non-taxable income threshold by 80 euros to...
Lithuanian parlt approves electricity, gas price compensation plan
Part of the recent sharp increase in electricity and natural gas prices for residents and businesses...
Lithuanian Post to increase service prices lay off 600 employees
Lietuvos Pastas (Lithuanian Post) is planning to increase prices for its services and lay off about...
Top news
Government backs authorizing ambassador to back Sweden and Finland's NATO membership
The Lithuanian government on Monday backed plans to give a mandate to the country's Ambassador to NATO...
Baltics give up Russian electricity after Nord Pool suspends trade
As the Nord Pool power exchange decided to stop trading in Russian electricity from its only importer...
Liberal Movement updates its visual identity
Lithuania's Liberal Movement, part of the ruling block, on Saturday adopted a new visual identity as a...
Trade representative office in Taipei to start working in several months
The head Lithuanian trade representative office in Taiwan's capital, Taipei, will start working in...
Ukrainians in Taujenai treated Lithuanians with Ukrainian dishes
On the 18th of May 18 Ukrainian girls, staying in Taujėnai, treated Lithuanian residents with...
