After a Bank of Lithuania’s target inspection, Swedbank, AB committed itself to indemnify the losses for its clients who were inadequately informed about the interest rate increased during the change of their credit card agreement.
The Bank of Lithuania
April232018
April192018
With the international community strengthening its efforts to fight cross-border money laundering and terrorist financing, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, who is on a visit in Washington, D.C., will share...
April182018
Firm economic recovery and still favourable financing conditions open an ideal window of opportunity to implement structural reforms and sort out public finances. This is one of the key topics that Vitas Vasiliauskas, Chairman of the Board of the...
April172018
This year price growth has been gradually slowing down: having reached, on average, 3.7% last year, annual price growth in March was 2.7%. This slowdown is generally driven by the consumer-favourable global commodity price developments, somewhat...
April132018
To protect retail investors, the European Securities and Markets Authority ( ESMA) is taking action over complex financial derivatives, seeking that binary options are not accessible to retail investors at all and trade in contracts for...
April122018
Given the still challenging investment environment, return on financial assets managed by the Bank of Lithuania (non-adjusted for exchange rate and gold price dynamics) reached 1.41% in 2017. Nonetheless, the significant depreciation of the...
April122018
Balance of Payments of the Republic of Lithuania, February 2018
April112018
All 2 nd pillar pension funds operating in Lithuania have since their inception earned positive internal returns for individuals accumulating for their pension for more than 10 years, i.e. as much as each contribution transferred to the pension...
April092018
Increasingly more enterprises plan business expansion from their own funds, while enterprises that are short of them believe that banks limit crediting, shows the latest survey of the Bank of Lithuania.
April092018
The Bank of Lithuania is publishing the revised balance sheet statistics of insurance corporations for Q4 2017. Data was revised due to amended estimates of branches of other countries’ insurance undertakings registered in Lithuania.
April062018
The Bank of Lithuania starts publishing more detailed data on household financial assets and liabilities. The new breakdown shows data classified not only by investment or borrowing instruments, but also the purpose of investment (borrowing). This,...
April062018
Lithuania’s financial accounts for Q4 2017
April042018
Having found no consent with insurers, banks or other financial market participants, consumers more often apply to the Bank of Lithuania, more and more decisions are taken in favour of consumers, while financial market participants increasingly take...
April042018
The latest survey of enterprises shows that half of them intend raising wages for their employees this year. Moreover, most of enterprise managers and financiers believe that wages will be raised fast at least for a couple of years.
March302018
By the end of this year, banks in Lithuania must have accumulated required capital buffers to meet the requirement of the Bank of Lithuania to form a counter-cyclical capital buffer (CCB) of 0.5%. The CCB rate was historically first raised in...