Lithuania’s economy has returned to the pre-pandemic level in terms of its gross domestic product (GDP) and the financial system has successfully weathered the challenges of the pandemic so far. Given the good economic performance at the start of the...
The Bank of Lithuania
June162021
June162021
In Q1 2021, banks operating in Lithuania granted more loans to households for house purchase and loans to businesses, however, the flow of loans has not yet reached the pre-pandemic level. Customer deposits with banks continued to grow.
June142021
The situation of Lithuania’s economy is currently favourable for a strong growth that will accelerate in the second half of this year, as stated by the International Monetary Fund (IMF), which is projecting the growth of 4.4% for the country’s economy...
June102021
This is press release by the European Central Bank. At today’s meeting, the Governing Council decided to confirm its very accommodative monetary policy stance:
June102021
Today, the Bank of Lithuania published the balance of payments for April 2021, which shows that:
June082021
Having completed the investigation that was started in autumn, the Bank of Lithuania revoked the licence of UAB Finolita Unio for severe infringements of anti-money laundering and counter-terrorist financing requirements.
June042021
The Bank of Lithuania imposed a €350,000 fine on the Estonian bank Luminor Bank AS, which operates in Lithuania through its branch, for violations of the Republic of Lithuania Law on Payments, after conducting a thorough investigation of payment...
June032021
The Bank of Lithuania addressed Lithuania’s financial market participants, urging them to identify and assess money laundering and terrorist financing (ML/TF) risks of non-profit organisations individually to avoid their automatic attribution to...
June012021
During a virtual meeting on 1 June, Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, and Kyrylo Shevchenko, Governor of the National Bank of Ukraine, signed a Memorandum of Understanding in the field of insurance supervision and...
May312021
The feasibility study carried out by the Bank of Lithuania has shown that one of the key elements in open banking – the account information service – could be used in supervision of electronic money and payment institutions (EMIs and PIs).
May312021
Balance Sheet and Interest Rates of Monetary Financial Institutions, April 2021
May282021
On 26 May 2021, representatives of the Bank of Lithuania presented the FinTech sector‘s supervision at the meeting of the Seimas Committee on Budget and Finance.
May212021
Please be informed that some of the BU-quality €2 commemorative coins dedicated to Žuvintas Biosphere Reserve in a numismatic package contain a manufacturing error in the inscription on the edge of the coins. Instead of an inscription in Lithuanian...
May212021
The Bank of Lithuania addressed a Dear CEO letter to the managers of electronic money and payment institutions operating in Lithuania, presenting its expectations on the improvement of governance and internal control as well as strengthening of...
May192021
On 19 May, the central bank will issue into circulation the €2 commemorative coin dedicated to Žuvintas Biosphere Reserve, which is included in UNESCO’s World Network of Biosphere Reserves (UNESCO’s Man and the Biosphere Programme). The mintage of...