A state bank could be set up in the country to improve competition in the sector, says MP Rasa Budbergytė, chair of the Lithuanian Social Democratic Party (LSDP) group in the Seimas.
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Lithuania’s Seimas has authorized the government to launch the procedures to establish a state-owned bank.
Lithuanian Finance Minister Vilius Sapoka on Thursday liked public debate over the establishment of a state-owned bank to "the construction of the Tower of Babel", noting that some want more bank branches in the regions, others want cheaper services, and still others want more loans to businesses an...
The coronavirus crisis has created favorable conditions for discussions on the establishment of a state bank, says Lithuanian President Gitanas Nauseda who has raised the idea also in the past.
