The Bank of Lithuania

Vitas Vasiliauskas: IMF projects slower global growth this year – recovery is still to come

Attending the Spring Meetings of the International Monetary Fund (IMF) and the World Bank held in Washington, DC, this week, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, will discuss economic headwinds determining weaker than...

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Increase in imports of goods led to current account deficit

Balance of Payments of the Republic of Lithuania February 2019

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Lithuanian investors choose non-resident investment funds

Lithuania’s financial accounts for Q4 2018

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Visa given the green light to acquire Earthport Payment Services, UAB

Visa Inc. and Visa International Service Association, the US payment companies, applied to the Bank of Lithuania to indirectly acquire Earthport Payment Services, UAB that has a payment institution licence issued in Lithuania. Having assessed the...

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Direct investment in Lithuania increased in 2018

Direct Investment In Q4 2018 (Joint Press Release by the Bank of Lithuania and Statistics Lithuania)

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Lithuania at the forefront of fintech regulation

Marius Jurgilas, Member of the Board of the Bank of Lithuania, met with experts from the International Monetary Fund (IMF) and the World Bank, sharing Lithuania’s experience in creating a fintech-conducive regulatory environment, which falls in line...

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Export of services was mainly directed to Germany

Review of the Balance of Payments services exports and imports for Q4 2018 (Joint release by the Bank of Lithuania and Statistics Lithuania)

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Deposits of Lithuanian residents with credit institutions increased

Balance Sheet of Monetary Financial Institutions, February 2019  

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Easing economic growth should not affect consumers

Economic expansion in Lithuania is expected to slow amid weakening global growth prospects: according to the latest Bank of Lithuania projections, growth should fall to 2.7% in 2019 from 3.4% in 2018. Nonetheless, household purchasing power will...

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Largest current account surplus in a decade

Balance of Payments of the Republic of Lithuania for Q4 2018

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Take part in creating a digital collector coin

The Bank of Lithuania has announced an open tender for the development, deployment and maintenance of the platform for selling the digital collector coin. Applications can be submitted until the beginning of April.

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Lending was mostly driven by housing loans

The Lithuanian banking sector started this year afresh. In 2018, banks were generous in lending and earned the main part of their profits from lending activities. While the assets of the banking system have been growing, banks’ capital position...

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Nine Lithuanian Institutions Join Forces in Fintech Risk Management

Lithuania highly visible on the global Fintech innovation map also becomes a relevant risk management competence centre. Therefore nine national institutions joined forces for a common goal – to promptly anticipate Fintech potential risks and...

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Earthport Payment Services, UAB granted a payment institution licence

The Board of the Bank of Lithuania has issued a payment institution licence to Earthport Payment Services, UAB. Having secured the licence, the company will offer payment services set forth in the Republic of Lithuania Law on Payments: credit...

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Current account balance remains in surplus

Balance of Payments of the Republic of Lithuania January 2019

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