Central bank governor: Lithuanian banking system has high liquidity and is well-capitalised

Lithuanian banking system has high liquidity and is well-capitalised, and thus should not meet the fate of US and Swiss banks, says Chairman of the Board of the Bank of Lithuania Gediminas Šimkus.

“If financial market tensions witnessed in the recent week will not somehow turn into tightening of financial conditions or a significant deterioration in confidence, and they should not, then the situation in many places will have resolved due to determined actions of supervision institutions and central banks, both in the USA and in Switzerland,” Šimkus told reporters at the Bank of Lithuania on Friday.