The Bank of Lithuania

Lithuania becoming part of TARGET2-Securities family

The Bank of Lithuania, Nasdaq CSD SE depository and credit institutions operating in the country today join TARGET2-Securities (T2S) – the European securities settlement infrastructure offering standardised settlement of domestic and cross-border...

Continue reading →

Vasiliauskas: Purchasing power disparities narrowing too slowly, euro area reforms should be oriented towards convergence acceleration

Current discussions on reforms in the euro area should concentrate on one of the major goals for the continent – economic and social convergence, i.e. narrowing of gaps and disparities between Member States. This is the position taken by Vitas...

Continue reading →

Vasiliauskas: Favourable regulatory environment may put Lithuania firmly on the global FinTech map

The FinTech sector may give further impetus to the EU Capital Markets Union as well as generate new opportunities for economic growth in Member States, claims Vitas Vasiliauskas, Chairman of the Bank of Lithuania, who chairs a debate on the...

Continue reading →

Decreasing trade exports boosted current account deficit

Balance of Payments of the Republic of Lithuania, July 2017

Continue reading →

Economic growth entails fewer bad loans

In the first half of this year, banks increased lending to enterprises and residents. An economic recovery reduced the amount of bad loans thereby improving banks’ profitability indicators.

Continue reading →

Credit unions granted more loans and operated profitably, some should continue strengthening capital

This year credit unions continued to expand the loan portfolio, which at the end of the half-year amounted to EUR 379.3 million, a year-on-year increase of nearly a fifth. In H1 2017, the credit union sector, which is undergoing restructuring, earned...

Continue reading →

Coin dedicated to Vilnius – a testament to a thriving capital

With the issuance into circulation of the €2 coin dedicated to Vilnius, the Bank of Lithuania sends a message to the world about a modern and tolerant city, conducive to business, trade, and life. One million of such coins minted are legal tender...

Continue reading →

After leaping in the first half-year, insurance sector will continue growing fast

In the first half-year, Lithuania’s insurance market growth was the strongest over the decade: insurance premiums rose by 17.4 per cent (to EUR 388 million), claims paid – by 18.1 per cent (to EUR 214 million). In view of the current situation and...

Continue reading →

Deposits of Lithuanian non-financial corporations with credit institutions increased

Balance Sheet of Monetary Financial Institutions, July 2017

Continue reading →

Investment fund market redistribution: Investors choose greater diversity and lower taxes 

The first half-year of 2017 was a success for equity investment funds which operate and are distributed in Lithuania. Investors direct more funds to foreign funds, distributed in the country; specialised funds, intended for professional investors,...

Continue reading →

Bank of Lithuania warns: SkyWay activities in Lithuania – illegal

The Bank of Lithuania has recently noticed intensified activities of the SkyWay group, encouraging investing in this group’s projects. Our advice is to not to be drawn in by the proposals of SkyWay , as this may lead to investors losing their...

Continue reading →

Bank of Lithuania to share good practices with National Bank of Moldova

Vitas Vasiliauskas and Sergiu Cioclea, the heads of the Bank of Lithuania and the National Bank of Moldova, signed a memorandum, agreeing to cooperate and share information between the two national central banks.

Continue reading →

Residents keep exchanging former currency but still hold nearly half a billion litas

More than two and a half years after the adoption of the single currency of the European Union in Lithuania, LTL 480 million is still to be returned to the Bank of Lithuania, which issued litas. This is almost one-tenth of total litas that was in...

Continue reading →

Activities of Baltija credit union restricted, temporary administrator appointed

Having determined that the likely dissipation of high-value assets of Baltija credit union may lead to a significant loss (nearly EUR 2 million), and due to threats to the interests of depositors, other creditors and clients, the Supervision...

Continue reading →

Decrease in number of consumer credit borrowers – nearly the size of the population of Šiauliai

At the end of June of this year, about 440 thousand residents were using consumer credit lender services – almost 100 thousand (approximately the number of residents in Šiauliai) , or fewer by a fifth year on year. Credit borrowers aged 25 and...

Continue reading →

Page 1 of 55 12 3 4 5 6 7 8 9 10 11 12 >