Economy
Lithuanian central bank to make sure fixed rate loans’ rates are “fixed”
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. […]
banking in Lithuania
CORPORATE
Lithuanian banking profits fell by one fifth
Profit margins of major banks in Lithuania have fallen by about one fifth in 2015, a result of one-off factors like Lithuania’s accession to the euro zone and quantitative easing policies that have cut interest rates, Verslo Žinios reports. […]
Economy
CORPORATE
CORPORATE
Negative interest rates help Lithuanian borrowers but may signal coming financial crisis
Negative interbank interest rates are making life easier for Lithuanian borrowers, both consumers and businesses, but Lithuania’s financial experts are worried that it may create another financial crisis and could be sign of a coming economic downturn. […]
CORPORATE
New internet payment platform to be created by Lithuania’s central bank
The Lithuanian Central Bank is putting new rules in place to promote a new internet payment service that will create alternative payment platform for customers who buy goods in online Lithuanian stores. […]
CORPORATE