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Economy

Lithuania’s mortgage market on fast track of recovery

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. […]

International Monetary Fund
CORPORATE

IMF calls on Lithuania to reform credit union sector

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 […]

CORPORATE

Lithuania to get low fee basic bank account under new proposal

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 […]

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Economy

Scandinavian banks lose interest in Lithuania due to low returns

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. […]