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 first quarter of 2016 has been tough for Lithuania’s private pension funds, most of which suffered losses, except for the most conservative ones, LRT reports. Fund managers say it has to do with the […]
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 […]
Lithuania is soon to become the first country in the world to regulate lending between enterprises and their customers. “There are many countries which have similar borrowing alternatives, but they do not have regulation. We […]
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. […]
It has been reported that the State Tax Inspectorate (VMI) has received information about 150 Swiss bank accounts held by Lithuanians in the Swiss branch of one of the world’s largest banks, HSBC. […]
The Bank of Lithuania has suggested amendments that would ensure that businesspeople seeking loans from commercial banks would not have to use their personal assets as collateral in all cases. Other proposed measures would also ensure that businesspeople taking out loans wouldn’t take on too much debt. […]
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. […]
Three instant credit companies have been sanctioned by the Bank of Lithuania for failing to properly vet their clients’ credit worthiness. […]
Bank Kapitalbank managed by Lithuanian and Latvian investors in the Rostov region of Russia have submitted a bankruptcy notice to the Arbitration Court. However, the application was adjourned until mid-March. […]
The Bank of Lithuania, Lithuania’s central bank, has ordered Nordea Bank AB to charge negative interest rates on its loans after the basic interest rate dropped below the bank’s surcharge rates. […]
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