Bank of Lithuania

The European Central Bank (ECB) is expected to cut interest rates by 25 basis points in June, says the board chairman of Lithuania’s central bank.

The Bank of Lithuania has published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in December 2023.

Lithuania is a priority market for Poland’s commercial banks, claims Lithuania’s Minister of Finance Gintarė Skaistė as the Government continues its efforts to attract a new foreign bank to set up shop in the country.

The Bank of Lithuania has announced that customers will be able to make instant payments during the upcoming holidays Most residents using payment services will be able to make instant payments to an account with another bank or electronic money institution (EMI) in a few seconds, the central bank s...

Lithuania’s economy has been at about the same level for the second year in a row, i.e. it is neither expanding nor weakening. Next year it will exit the period of stagnation as a result of private consumption driven by real income growth and recovering demand in export markets. However, the full po...

The Bank of Lithuania projects the country’s economy to shrink by 0.2% this year. Projections have been upgraded by 0.4% compared with September’s forecast of 0.6% economic decline.

Lithuania’s Central Electoral Commission (VRK) has refused to register Antanas Kandrotas, a controversial activist, as a presidential candidate for 2024 election.

The Bank of Lithuania forecasts that the country’s economy will experience a 0.6% recession in 2023. Projections for this year have been upgraded from a 1.3% recession forecast in June.

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.

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.