The survey of financial literacy commissioned by the Bank of Lithuania has revealed that Lithuanians have only partially learned the lessons of the previous financial crisis. In case of losing the source of income, 30 percent of the polled said they would successfully cover living expenses for at least three months, while 29 percent – for a month. […]
Lithuanian commercial banks are revising their expectations of real estate prices. A year ago, banks hoped that housing, particularly new developments, will see a rise in prices, while in a survey performed this autumn there wasn’t a single bank expecting a rise in housing prices, the Bank of Lithuania said. […]
The Research Centre, founded by the Bank of Lithuania and Vilnius University, has set up a team of talented scientists and commences active operations this month. […]
Economists at the Bank of Lithuania, have revised down the country’s 2015 economic growth forecasts in view of latest trends in the domestic and foreign markets. However, employment and average wages will continue to grow, while decreasing general price level will increase the purchasing power of the population. […]
On 18 August, Šiaulių Bankas received a notification from the Bank of Lithuania stating that its Board had passed a resolution endorsing the reorganisation of the bank Finasta AB which will be merged with Šiaulių Bankas AB. […]
Before the start of the Baltic Investors Forum on June 4–5 in Vilnius, some of the world’s most prominent economists shared their insights on major economic threats facing the world in the nearest future. […]
Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than 1,500 movable and 250 immovable properties, including the bank’s former headquarters in Vilnius. The building, located on Vivulskio Street, will be the most expensive item on the list. Its initial price will be set at EUR 5.31 million. […]
On 17 July, Lithuanian bank Šiaulių Bankas acquired 100 percent of the shares of AB Bank Finasta and the financial brokerage firm AB FMI Finasta for the sum of EUR 6.19 million, Šiaulių Bankas reports. […]
The Bank of Lithuania with the Ministries of Economy and Finance have formulated and submitted to the Government proposals for measures whose implementation is expected to promote small- and medium-sized (SMS) business financing in Lithuania through the use of capital market instruments, the Bank of Lithuania reports. […]
The results of stress testing revealed that the domestic financial system is ready to withstand a sharp deterioration in the state of the economy or financial markets. New macroprudential requirements for banks, to be applied from this year, will help enhance the stability of Lithuania’s financial system. Such conclusions are presented in the Financial Stability Review published by the Bank of Lithuania, reports the Bank of Lithuania. […]
In an effort to counter pro-cyclicality in the financial system and strengthen the credit institutions’ capital base during periods of excessive credit growth, the Bank of Lithuania begins applying a new macroprudential policy instrument, counter-cyclical capital buffer. […]
The European Central Bank‘s support to Greek banks, the so-called Emergency Liquidity Assistance (ELA), is likely to continue, the Lithuanian central bank governor said on Tuesday. […]
The Bank of Lithuania has issued into circulation a 5 euro collector’s coin, dedicated to literature (from the series Lithuanian Culture); it was presented at the Writer’s Club in Vilnius to a group of writers and lovers of literature, the central bank said. […]
The Bank of Lithuania forecasts that this year, due to the worse situation of exporters, the country’s GDP will grow 2 percent. The previous forecast was 2.7 percent. Next year, economic development is projected to accelerate to 3.4 percent (the previous projection was 3.5 percent). […]
The best part of households accumulated financial assets as cash, in an account or by holding deposits with banks and do not intend to change their choice in the near future, shows the latest conducted Survey of the Financial Behaviour of Households, commissioned by the Bank of Lithuania, said the Bank of Lithuania. […]
The central Bank of Lithuania must curb the growth of charges applied by commercial banks on cash withdrawals, Prime Minister Algirdas Butkevičius has said, slamming banks’ efforts to levy charges on withdrawals of larger amounts of money from ATMs. […]
The importance of exports in services for Lithuanian trade has been growing in recent years, and with the growth of the need for analytical information on this sector, the Bank of Lithuania updated the published country’s balance of payments statistical data and from now on it will publish information in accordance with the countries that are Lithuania’s key partners in the service trade, the central bank said in a statement. […]
The expectations of commercial banks about real estate prices have changed essentially over a year – there have remained almost no banks projecting housing price increases, while last spring such banks represented more than a half, said the Bank of Lithuania. […]
Financial institutions operating in Lithuania consider the risk arising from the prolonged period of low interest rates as increasingly significant, although, with the persisting geopolitical tensions, the risk related to a likely exacerbation of Russia‘s and Ukraine‘s conflict and related consequences has been assessed as the major one, shows the survey conducted by the Bank of Lithuania. […]
The first results of the Survey of Lithuania’s Non-financial Enterprises show that most entrepreneurs believe the events in Ukraine will not affect or will affect only insignificantly the financial situation and their ability to repay loans. During the study, the heads or financiers of around 500 enterprises in different business sectors were surveyed, the Bank of Lithuania reports. […]
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