What are the global FinTech trends in 2021 since the sector has faced multiple challenges in the last year. Like many other industries worldwide, the finance sector lost its workforce, and many businesses had to […]
Banking sector in Lithuania experienced many changes since the country joined the European Union 15 years ago. A part of today’s banking services did not even exist 15 years ago. Banks have developed online services, […]
The mortgage market in Lithuania is showing strong signs of recovery, the Bank of Lithuania says. Growing income, low interest rates and optimistic outlook encourages people to take out loans in order to buy properties. […]
While Italian banks holding €360 billion of bad loans may soon become a problem for the eurozone, financial institutions in Lithuania are not as exposed to bad loans, representatives of the biggest banks in Lithuania […]
Lithuanian Banking Association says that people in the country are borrowing far more actively this year than in 2015. Lithuanians are also more using bank cards more actively, even though cash remains the most popular […]
Lithuania’s financial system could withstand a series of international and domestic shocks, including a sudden deep recession according to the chairman of Lithuania’s central bank. “Banks can withstand large shocks. Our stress tests shows that […]
Danske Bank has sealed an agreement to lease a 12,000 square metre business centre in Vilnius which is still under construction. It is the largest lease transaction in the Lithuanian market this year. Danske Bank […]
The International Monetary Fund (IMF) has said Lithuania needs to carry out structural reforms to its credit unions sector. Lithuania‘s central bank said the IMF in its latest report on Lithuania said that the country’s […]
Swedbank Lithuania made €22 million in profits in January-March 2016, 3% more than during the first quarter last year. Swedbank, which is part of the Swedish Swedbank group and the second biggest bank in Lithuania, […]
Lithuania has the ninth highest level of leasing finance in the world with lease agreements signed amounted to more than a billion euros last year in Lithuania. A third of leasing finance was used for […]
The Lithuanian branch of Sweden’s SEB Bank has announced that its clients will have to pay more for many of the services as of June. This way, the bank’s clients are to shoulder some of […]
The number of Lithuanian citizens without bank accounts or other payment facilities has grown rapidly in Lithuania over the past three years, with the largest increase in the past year. A Bank of Lithuania survey […]
The idea of a basic bank account that would attract a low flat fee and allow Lithuanians to get a complete service package in one account at a fixed commission is being moved forward by […]
Lithuanian commercial banks may have to accumulate additional capital buffers for risk control, said Vitas Vasiliauskas, the head of Bank of Lithuania, at the Lithuanian Banking Association conference. […]
Swedbank has been given the go-ahead by Lithuania’s Competition Council to take over the retail banking business of Danske Bank in Lithuania. […]
Šiaulių bankas was rated as the best bank in Lithuania in 2015 by the international business and financial magazine Global Finance which has been listing the best banks of the Central and Eastern European growing markets for 23 years. […]
The Lithuanian parliament is to consider a bill allowing mergers of credit unions. The Bank of Lithuania says the measure would improve the credit unions’ viability and introduce new players in the country’s financial market. […]
Scandinavian banks are no longer interested in expanding lending in Lithuania due to falling returns, said Stasys Kropas, the president of the Association of Lithuanian Banks. […]
The Lithuanian Central Bank is to introduce new rules to ensure that interest rates on fixed rate loans remain the same over the whole period of the loan. […]
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