Bank of Lithuania

4finance, the leading consumer credit company in Lithuania, has had its licence revoked by the Bank of Lithuania following repeated violations.

Lithuania’s economy should grow 2.9% next year, almost double this year's rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania.

The Bank of Lithuania has released a new euro coin which is a tribute to the Lithuanian language. While some of the one million new coins will be reserved for collectors, most will be put into circulation, according to Miglė Mockutė-Zaleckienė, a representative of the Bank of Lithuania.

As of 1 January 2016, Lithuania is going to join the electronic euro payments area SEPA, encompassing 34 countries. From that day, the same payment order form will be completed for domestic payments and payments to other SEPA countries, whereas one account in any SEPA country will be enough in order...

The key risks to Lithuania‘s financial system come from geopolitical tensions in Eastern Europe and a prolonged low interest rate period, according to a survey by the Bank of Lithuania.

The Lithuanian Parliament has adopted the final amendments satisfying legal conditions that will ensure Lithuania's full-fledged participation in the banking union.

The Eurogroup, which has discussed the European Commission's (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle

Remittances from the Lithuanian diaspora has long played a significant role in the country's economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from fall...

On 19 November, a shipment of euro banknotes arrived in Vilnius International Airport. From there, the euro banknotes, with a police escort, were safely delivered to the Bank of Lithuania's vaults, the country's central bank said.

The Bank of Lithuania has drafted a list of private banking services that it proposes should be made more accessible. If the proposal is endorsed by parliament, commercial banks will have to provide basic services like debit card administration, cash withdrawals and money transfers in the EEA to the...

According to the assessment of commercial banks, the financial status of residents and of the majority of the economic activities is improving - the survey of banks, initiated by the Bank of Lithuania, reveals that banks plan to increase loan portfolios moderately, the country's central bank reports...

Ingrida Šimonytė, deputy chairwoman of the Board of the Bank of Lithuania, will be running in next year's parliamentary elections in one of Vilnius single-member constituencies. Her candidacy was put forward by the conservative Homeland Union - Lithuanian Christian Democrats (TS-LKD).

The survey of financial literacy commissioned by the Bank of Lithuania has revealed that Lithuanians have only partially learned the lessons of the previous financial crisis. In case of losing the source of income, 30 percent of the polled said they would successfully cover living expenses for at le...

Lithuanian commercial banks are revising their expectations of real estate prices. A year ago, banks hoped that housing, particularly new developments, will see a rise in prices, while in a survey performed this autumn there wasn't a single bank expecting a rise in housing prices, the Bank of Lithua...

The Research Centre, founded by the Bank of Lithuania and Vilnius University, has set up a team of talented scientists and commences active operations this month.

Economists at the Bank of Lithuania, have revised down the country's 2015 economic growth forecasts in view of latest trends in the domestic and foreign markets. However, employment and average wages will continue to grow, while decreasing general price level will increase the purchasing power of th...

On 18 August, Šiaulių Bankas received a notification from the Bank of Lithuania stating that its Board had passed a resolution endorsing the reorganisation of the bank Finasta AB which will be merged with Šiaulių Bankas AB.

Before the start of the Baltic Investors Forum on June 4–5 in Vilnius, some of the world’s most prominent economists shared their insights on major economic threats facing the world in the nearest future.

Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than 1,500 movable and 250 immovable properties, including the bank's former headquarters in Vilnius. The building, located on Vivulskio Street, will be the most expensive item on the list. It...

On 17 July, Lithuanian bank Šiaulių Bankas acquired 100 percent of the shares of AB Bank Finasta and the financial brokerage firm AB FMI Finasta for the sum of EUR 6.19 million, Šiaulių Bankas reports.