The Bank of Lithuania

Beginning of a new era: Bank of Lithuania enables real-time payments through CENTROlink

With a change in name and expansion in its capacities, CENTROlink – a payment system operated by the Bank of Lithuania – turns a new page in the Lithuanian history of payment services. Joining the first wave of the pan-European adherence to the new...

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Bank of Lithuania is improving investment policy to effectively manage investment risk and earn higher return in the longer term

Aiming at maximum diversification of investment risk, the Bank of Lithuania upgraded its strategic asset allocation and decided to set up a reserve portfolio consisting of safest investments in US dollars so as to ensure a sufficient amount of...

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Visits of Bank of Lithuania specialists to aid financial market participants

The Supervision Service of the Bank of Lithuania is devising a new form of supervision – visits, during which it would gather information as well as provide advice and methodological support to financial market participants.  

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Global economy issues and best practices in FinTech discussed in Japan

In Tokyo, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, and Haruhiko Kuroda, Governor of the Bank of Japan, discussed developments in the FinTech sector, risks to the global economy and economic issues of relevance to Japan and...

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Statements by ESMA on ICO

The European Securities and Markets Authority (ESMA) has today issued two Statements on Initial Coin Offerings (ICOs) , one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs. The Bank of Lithuania unveiled...

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V. Vasiliauskas: Lithuania offers Asian FinTech businesses gates to Europe  

A delegation led by Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, is visiting Singapore – one of the world’s major financial and FinTech centres – on 13-16 November. During the visit, the delegation will present FinTech...

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The surplus on the current account continues increasing

Balance of Payments of the Republic of Lithuania, September 2017

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Licence revoked for Vilniaus kreditas credit union due to insolvency; the court is asked to announce its bankruptcy

The Board of the Bank of Lithuania recognised the credit union Vilniaus kreditas as insolvent and revoked its licence of a credit union for good, thus it has no right to provide financial services. The Bank of Lithuania will apply to the Vilnius...

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Collector coin – to mark Francysk Skaryna’s first steps in printing

Today, the Bank of Lithuania presents the €20 collector silver coin dedicated to the 500th anniversary of the Ruthenian Bible by Francysk Skaryna, a cultural activist from the Renaissance epoch. This is the fourth collector euro coin to perpetuate the...

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IMF mission will begin work in Lithuania

In preparation for the 2018 consultations with the Republic of Lithuania under Article IV of the Articles of Agreement of the International Monetary Fund (IMF), an IMF mission, led by Borja Gracia, will begin work on 7–13 November.  ...

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ERGO Insurance SE warned for violations of the procedure for payment of the insurance benefit

The Board of the Bank of Lithuania has issued a warning to ERGO Insurance SE, operating in the Republic of Lithuania through a branch, for failing to pay the insurance benefit within the terms indicated in legal acts and for the unduly discharge of...

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Bank of Lithuania warning: Beware – risky investments (update)

The Bank of Lithuania, having assessed available information and aiming at protecting investor interests, has updated the list of entities without the right to provide investment services in Lithuania yet offering them, and providing trading...

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Bank of Lithuania to present business development opportunities for Chinese online giants

At a Bank of Lithuania initiated seminar in Beijing, Marius Jurgilas, Member of the Board, will present to the leaders in Chinese e-commerce, payment and other sectors Lithuania’s FinTech potential.

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New balance sheet statistics of insurance corporations published

The Bank of Lithuania begins publishing balance sheet statistics of Lithuanian insurance corporations.

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Build-up of a surplus in the current account balance

Balance of Payments of the Republic of Lithuania, August 2017

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