The Bank of Lithuania

Bank of Lithuania to manage its financial assets based on sustainable investment principles

The Bank of Lithuania will reorganise its portfolio of financial assets in accordance with the Eurosystem’s climate change-related sustainable and responsible investment principles. The Eurosystem, consisting of the European Central Bank and the...

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Deposits of Lithuanian residents with credit institutions decreased

Balance Sheet and Interest Rates of Monetary Financial Institutions, January 2021

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Bank of Lithuania grants awards for the most significant scientific research in economics

The Board of the Bank of Lithuania granted two awards for scientific research in economics amounting to €10 thousand and €5 thousand. The Vladas Jurgutis Award was granted to Audinga Baltrūnaitė for her relevant scientific research on the link...

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UAB SME Digital Financing granted a specialised bank licence    

Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted the Lithuanian capital company UAB SME Digital Financing a specialised bank licence.

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Two electronic money institution licences issued

The Board of the Bank of Lithuania granted electronic money institution licences to Sezzle Lithuania, UAB andUAB “Lux International Payment System”, authorising them to issue electronic money and provide payment services set forth in the Republic of...

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Steady growth, big names and a focus on AML: Lithuanian Fintech in 2020

As a large part of businesses shifted online in 2020, areas like e-commerce and last mile delivery services started playing a more prominent role in our daily lives. Fintech solutions, in many cases operating in the background, help millions to send...

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Insurance market projected to grow by up to 5% this year

The Bank of Lithuania forecasts that the entire insurance market will see moderate growth in 2021: while the non-life insurance market should rise from the bottom this year, the life insurance market will grow more moderately, compared to 2020.

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Balance of payments of the Republic of Lithuania: December 2020

Today, the Bank of Lithuania published the balance of payments for December 2020, which shows that:

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Bank of Lithuania: to know their customers, financial institutions should ask such amount of information that is necessary for risk assessment and management

As the requirements for the prevention of money laundering and terrorist financing (ML/TF) are tightened and financial market participants devote increasingly more attention to this area, the Bank of Lithuania receives more inquiries and complaints...

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Resolutions of the Board of the Bank of Lithuania

Issuers will be able to choose a format of their annual reporting When issuing their 2020 reports, the companies registered in Lithuania and licensed to trade their securities in the regulated markets will be able to choose to continue the...

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Vasiliauskas: in times of uncertainty, investment leadership should be undertaken by the public sector

Uncertainty about the economic consequences of the pandemic is the biggest hindrance to private investment, therefore, the public sector should take the lead to revive it. Mr Vitas Vasiliauskas, Chair of the Board of the Bank of Lithuania, will speak...

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Podcast: Euro Area Monetary Communications: Excess Sensitivity and Perception Shocks

Could the effects of the ECB's monetary surprises be heterogeneous between the core and periphery countries of the euro area? This was the hypothesis analysed by Valentin Jouvanceau and Ieva Mikaliūnaitė, researchers of the Bank of Lithuania, in their...

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Foreign direct investment by the ultimate investing country

In accordance with the recommendations of the Organisation for Economic Co-operation and Development, the Bank of Lithuania has compiled and is starting the publication of the data on annual foreign direct investment (FDI) by the ultimate investing...

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Deposits of Lithuanian residents with credit institutions increased in December 2020

Balance Sheet and Interest Rates of Monetary Financial Institutions, December 2020

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Dispute settlement between consumers and financial service providers

The Bank of Lithuania receives increasingly more applications from residents who, after having suffered from fraudulent investment offers, seek to recover their lost funds. Defending our rights is always welcome, yet in many cases the subject of...

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