Balance of Payments of the Republic of Lithuania June 2019
The Bank of Lithuania
August122019
August072019
The Supervision Service of the Bank of Lithuania has concluded that the electronic money institution UAB deVere E-Money breached the requirements set out by the Republic of Lithuania Law on Electronic Money and Electronic Money Institutions by...
August052019
The Bank of Lithuania suspended the activities of SatchelPay , UAB by prohibiting it to issue electronic money and provide part of its payment services. The decision was based on the fact that the electronic money institution has failed to provide...
August022019
The Bank of Lithuania has signed a contract for programming the world’s first digital collector coin which, together with its physical version, is expected to be issued at the beginning of 2020.
August012019
In addition to becoming a driving force of the Lithuanian fintech sector, electronic money and payment institutions create expectations to boost market competition. Aiming at the sustainable development of the sector, the Bank of Lithuania has been...
July312019
Following the report prepared by the International Monetary Fund (IMF) staff mission in Lithuania and approved by the IMF Executive Board, the IMF supports the Bank of Lithuania’s efforts in strengthening the financial system. The IMF warned about the...
July302019
The Supervision Service of the Bank of Lithuania has concluded that the payment institution UAB Click2Sell breached the requirements set out by the Republic of Lithuania Law on Payment Institutions in relation to the protection of customer funds and...
July262019
The Board of the Bank of Lithuania has issued electronic money institution licences to international companies and granted permission to reorganise the life insurance company.
July252019
Today, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, and Raimondas Kuodis, Deputy Chair of the Board of the Bank of Lithuania, will meet with the heads of the National Bank of the Republic of Belarus in Minsk to discuss...
July242019
The Board of the Bank of Lithuania has issued an electronic money institution licence to UAB Finansinės paslaugos „Contis”. The company intends to issue electronic money and provide certain services set forth in the Republic of Lithuania Law on...
July242019
Balance Sheet of Monetary Financial Institutions, June 2019
July182019
According to Lithuanian financial institutions, cyberattacks and real estate (RE) bubbles will pose the major risk to the country’s financial system over the upcoming 6 months. The latest survey of financial institutions conducted by the Bank of...
July162019
Launched at the beginning of July, the GovTech Lab starts its operation: seeking to reduce the administrative burden, the Bank of Lithuania is looking for an innovative solution that would allow obtaining the necessary data and automatically...
July112019
Balance of Payments of the Republic of Lithuania May 2019
July102019
The central banks of three EU countries – Lithuania, Poland and Germany successfully implemented the EU Twinning Project ‘Strengthening the National Bank of the Republic of Belarus’ during which they conveyed their experience to the National Bank of...