The Bank of Lithuania

IMF mission begins work in Lithuania

In preparation for the 2020 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 visit Vilnius on 15-21 November.

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Current account surplus increased

Balance of Payments of the Republic of Lithuania September 2019

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Fines on Paydoo Payments and BnP Finance, Guidelines on Risk Factors

€27,000 fine imposed on Paydoo Payments, UAB The Supervision Service of the Bank of Lithuania imposed a fine on the electronic money institution Paydoo Payments, UAB, for failing to hold client funds with a credit institution.  According to...

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Bank of Lithuania granted AS Inbank authorisation to open a bank branch

The Bank of Lithuania granted the Estonian bank AS Inbank authorisation to establish a branch and provide financial services in the Republic of Lithuania. 

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Speech of the Chairman of the Board on macroprudential regulation and financial stability

Speech on macroprudential regulation and financial stability by Vitas Vasiliauskas, Chairman of the Board, at the High-Level International Forum in Minsk.

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Deposits of Lithuanian residents with credit institutions increased

Balance Sheet of Monetary Financial Institutions, September 2019

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MisterTango, UAB fined €245 thousand for non-compliance with AML requirements

The Bank of Lithuania imposed a fine of €245 thousand on MisterTango, UAB for violations of anti-money laundering and counter terrorist financing (AML/CTF) requirements, limiting its activities as a preventive measure. 

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Last stages of LBChain sandbox development: final testing to proceed with IBM and Tieto

The Bank of Lithuania has chosen IBM Polska Sp. z.o.o. and Tieto Lietuva, UAB to proceed to the next stage of its endeavour to create LBChain, a blockchain-based technological platform. The winner of the project will be revealed after the final...

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Bank of Lithuania provides recommendations on raising capital through STOs 

The Bank of Lithuania has issued the Guidelines on Security Token Offering (STO) which provide greater regulatory clarity and aim at higher investor protection.

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Vasiliauskas: Lowest post-crisis growth rates call for urgent action

Global economic growth has dramatically lost momentum – this year, it is set to record the lowest rates since the end of the crisis. Although growth is supported by the accommodative monetary policy implemented by central banks, such measures are no...

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Inevitable shifts in Lithuania’s labour market: demographic decline, migration and technological change

Persistent adverse demographic trends, technological advancements and migration-led regional disparities – these are the challenges facing the Lithuanian labour market, the solution to which will underpin our future jobs and welfare. Today the Bank of...

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Current account balance in surplus

Balance of Payments of the Republic of Lithuania August 2019

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Sharing best practices in AML controls

Today 150 representatives of market participants, regulators, and law enforcement authorities participated in the training ‘AML controls: striving for continuous improvement’. National and international speakers shared their experience on KYC,...

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Bank of Lithuania publishes revised quarterly financial accounts data

On 3 October, the Bank of Lithuania published the revised quarterly financial accounts data for the period starting from Q1 2004.

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Bank of Lithuania issues a €5 silver coin dedicated to scouts

Today the Bank of Lithuania issues into circulation the €5 collector coin dedicated to Scouts. The theme for the coin was chosen through a public poll held by the Bank of Lithuania.

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