Šimkus: major banks should be more solidarity-driven, socially responsible

The head of the central bank says that commercial banks should be both solidarity-driven and socially responsible in his comment on the recent news on high profits recorded in 2022 by the major banks operating in Lithuania.

Gediminas Šimkus, chairman of the Board of the Bank of Lithuania, noted that the country’s banking system is characterised by high liquidity, while Lithuania has floating interest rates depending on the Euribor interbank interest rate rather than fixed ones.