The Bank of Lithuania

5 years with the euro: obvious benefits for Lithuania

Stronger economic and income growth, lower costs of borrowing and payments, no more litas-euro exchange expenses – these are the benefits brought by the euro which was introduced in Lithuania five years ago. The Bank of Lithuania’s calculations have...

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Current account surplus continues to rapidly increase

Balance of Payments of the Republic of Lithuania October 2019

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AB Fjord Bank granted a specialised bank licence

Following the assessment and proposal of the Bank of Lithuania, AB Fjord Bank has been granted a specialised bank licence by the European Central Bank (ECB).

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Bank of Lithuania aims to reduce reporting burden

The Bank of Lithuania has chosen two companies to create and test a smart solution that would streamline reporting procedures – information for supervision purposes would be generated in a uniform format and collected automatically by the Bank of...

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In an effort to boost debate on CBDC, the Bank of Lithuania publishes an in-depth analysis

The Bank of Lithuania is redoubling its efforts towards its central bank digital currency (CBDC) initiative. Leading the way in blockchain-based projects ( LBChain and LBCOIN , both first-of-their-kind among central banks) and innovations in...

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World’s first digital collector coin to feature signatories of the Act of Independence

The world‘s first blockchain-based digital collector coin created by the Bank of Lithuania is dedicated to the 16 February 1918 Act of Independence of Lithuania and its 20 signatories. The coin is expected to be issued in spring 2020.

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Resolutions of the Board of the Bank of Lithuania

More information on unit-linked life assurance products The Bank of Lithuania has decided to take new measures in order to increase transparency in the unit-linked life assurance market. With more information on costs and charges applied to...

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Bank of Lithuania fined SatchelPay for improper safeguarding of client funds

The Supervision Service of the Bank of Lithuania imposed a fine on the electronic money institution SatchelPay, UAB for improper safeguarding of client funds. 

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PayRay, UAB granted a banking licence 

Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted PayRay, UAB a banking licence, authorising it to receive deposits and other repayable funds.

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Jekaterina Govina begins work as the new Director of the Supervision Service

Today Jekaterina Govina, who previously spent three years as Advisor to Marius Jurgilas, Member of the Board of the Bank of Lithuania, assumed her new position as Director of the Supervision Service of the Bank of Lithuania.

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CEFER and the Government Strategic Analysis Center to join forces in research

The Center for Excellence in Finance and Economic Research of the Bank of Lithuania (CEFER) will cooperate with the Government Strategic Analysis Center (STRATA) in conducting joint scientific research on issues of strategical importance on the...

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Public consultation confirmed need to strengthen protection of funds of electronic money and payment institution customers

The Bank of Lithuania shall aim for the issue of increasing the protection of customer funds held by electronic money and payment institutions (EMIs/PIs) to be discussed at the European Union (EU) level and for the need to safeguard EMI/PI customer...

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Resolutions of the Board of the Bank of Lithuania

AB SEB bankas failed to properly provide information to two market participants The Bank of Lithuania received a complaint from a financial market participant, stating that it, without any proper notice, was charged with a monthly deposit...

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Bank of Lithuania is hosting the 1st Invited Lecture Series

On 27–29 November, the Bank of Lithuania is hosting the first Invited Lecture Series titled “Learning and Expectations Formation in Macroeconomics and Finance”. 

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Deposits of Lithuanian residents with credit institutions increased

Balance Sheet of Monetary Financial Institutions, October 2019

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