The governor of the Bank of Lithuania believes the European Central Bank’s (ECB) latest increase of key interest rates may be the last one in efforts to tame inflation.
Bank of Lithuania
For the first time, the Bank of Lithuania published a comparison of interest rates on deposits with agreed maturity (term deposits) and loans of Lithuanian and euro area credit institutions (banks, credit unions). It takes into account the key ECB interest rate developments and their impact on inter...
The Bank of Lithuania, the National Cyber Security Centre (NCSC), the Lithuanian Banking Association (LBA) and individual financial market participants have agreed to cooperate by exchanging special information on cyber threats, the central bank said in a press release.
The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for June 2023, which show that deposits of Lithuanian residents with credit institutions decreased by €300.6 million, or 0.8% over the month (its annual growth rate was 10.7%): non-finan...
As a result of changes in financing conditions and uncertainty about the outlook for economic growth, the growth of the bank loan portfolio was the lowest over the past two years. The quality of bank lending remained stable, while bank profits and interest income continued to accelerate, stated the ...
The central bank and Lithuania's honorary consul in Germany held an event on Tuesday aimed to present advantages of the country’s banking sector to German commercial banks.
The solidarity levy on banks will not turn into a long-term tax as it targets a variable share of banks’ profits, the head of Lithuania’s central bank says.
Deposits of Lithuanian residents with credit institutions fell by EUR 238.6 million or 0.6% in April over the month, the Bank of Lithuania said, presenting the monetary financial institution (MFI) balance sheet and interest rate data.
The importance of effective data management and active exchange of information between institutions was underlined by the representatives of the Bank of Lithuania at the international anti-money laundering (AML) conference: On the Front Line of the New Reality, the central bank reports.
The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for July 2022, which show that loans granted by credit institutions to Lithuanian residents increased by €306.0 million, or 1.2%, over the month (their annual growth rate stood at 15.7%)...
The minimum monthly pre-tax pay could go up 18.9 percent, or 138 euros, to 868 euros in Lithuania next year, the central Bank of Lithuania says, adding, however, that it would be in favor of more cautious decisions, such as delaying decisions on the minimum pay or raising it in stages, due to the hi...
The central Bank of Lithuania has issued a fine of 370,000 euros to Lithuanian-capital payment company Paysera LT for its anti-money laundering violations. The company plans to appeal.
PayRay, a Lithuanian financial sector company, has started a new page of its business service activities. It has now begun operating as a bank and will soon start collecting deposits, as well as further focusing on developing capital financing solutions for businesses, the company announced in a pre...
As new information on the transfer of money of dubious origin via Danske Bank's divisions in the Baltic states has recently emerged, the central Bank of Lithuania says it is cooperating with Denmark's law enforcement.
One third of the Lithuanian population say the coronavirus pandemic has adversely affected the financial situation, according to a survey conducted by the pollster Vilmorus for BNS.
The coronavirus crisis has created favorable conditions for discussions on the establishment of a state bank, says Lithuanian President Gitanas Nauseda who has raised the idea also in the past.
Over 100 Lithuanian residents have lost hundreds of thousands of euros while investing via Cyprus company Royal Forex LTD and its investment platforms GMO trading, but the central Bank of Lithuania admits chances of recovering the money are slim, the public broadcaster LRT's investigation division r...
After inspection, AB Šiaulių bankas was given mandatory order and fined. The Bank of Lithuania performed a planned targeted inspection of the activities of AB Šiaulių bankas, the central bank announced in a press release.
The Supervision Service of the Bank of Lithuania, after examining the NEO Finance, AB advertisements available on the social network Facebook, www.paskoluklubas.lt, and other websites, established that the company, in advertising its services, did not properly present standard information on consume...
Risks to Lithuania's financial system have risen slightly over the past six month but do not exceed the medium level, the latest survey of financial institutions by the country's central Bank of Lithuania shows.
With global economic growth continuing to weaken, the pace of economic development in Lithuania will also decrease. The Bank of Lithuania projects that after a 3.7% growth of the country’s economy in 2019, next year it will increase by 2.5%. The same projection was made in September of this year.
The world‘s first blockchain-based digital collector coin created by the Bank of Lithuania is dedicated to the 16 February 1918 Act of Independence of Lithuania and its 20 signatories. The coin is expected to be issued in spring 2020.
Following the assessment and proposal of the Bank of Lithuania, AB Fjord Bank has been granted a specialised bank licence by the European Central Bank (ECB).
The Bank of Lithuania sees the Seimas' proposal to raise the corporate income tax rate for banks from 15 percent to 20 percent as a better alternative to the earlier proposed new tax on lenders' assets, but criticizes the parliament for its haste in making such tax changes.
Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted PayRay, UAB a banking licence, authorising it to receive deposits and other repayable funds.
The government's 2020 budget bill projects a significant amount of questionable revenue from improved tax administration, which may lead to a worse-than-planned general government balance and raises serious doubts as to the draft budget's compliance with the fiscal discipline rules, the country's ce...
Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, has called on lawmakers to turn to the European Central Bank for the latter to assess plans to introduce a banking asset tax in Lithuania.
Lithuania's economy has maintained a stable growth pace, analysts say after the country's statistics office, Statistics Lithuania, said earlier today that the country's GDP grew 3.6 percent over a quarter.
With more and more immigrants from third countries arriving in Lithuania, the country's central banker Vitas Vasiliauskas says Lithuania needs foreign workers with higher qualifications.
The International Monetary Fund (IMF) is asked to conduct an independent evaluation of money laundering prevention in the Nordic and Baltic region, a member of the Bank of Lithuania's board said Wednesday.