Bank of Lithuania

Bank ordered to charge negative interest rates on its loans (1)

The Bank of Lithuania , Lithuania’s central bank, has ordered Nordea Bank AB to charge negative interest rates on its loans after the basic interest...

Negative interest rates help Lithuanian borrowers but may signal coming financial crisis

Negative interbank interest rates are making life easier for Lithuanian borrowers, both consumers and businesses, but Lithuania’s financial experts are...

New internet payment platform to be created by Lithuania’s central bank

The Lithuanian Central Bank is putting new rules in place to promote a new internet payment service that will create alternative payment platform for...

Credit company fined record €30k for giving loans to jobless

Lithuanian banking regulators have hit a consumer credit company with a fine of €30,000 for issuing loans to unemployed applicants, the biggest penalty of...

How would Lithuanians react to idea of abandoning hard cash?

Norway ’s biggest bank DNB has called for the country to completely abandon hard cash, but how would Lithuanians react to such a move here?

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