Credit union

Bank of Lithuania may face lawsuits after credit regulations ruled unconstitutionalBank of Lithuania may face lawsuits after credit regulations ruled unconstitutional
  • CORPORATE

Bank of Lithuania may face lawsuits after credit regulations ruled unconstitutional

Lithuanian courts have ruled that a Bank of Lithuania rule forbidding the granting of credit to people who must spend…

9 years ago
IMF calls on Lithuania to reform credit union sectorIMF calls on Lithuania to reform credit union sector
  • 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…

9 years ago
Credit unions oppose regulation aimed at solidifying the marketCredit unions oppose regulation aimed at solidifying the market
  • CORPORATE

Credit unions oppose regulation aimed at solidifying the market

Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market.The Ministry of…

9 years ago
New law to allow mergers of credit unionsNew law to allow mergers of credit unions
  • CORPORATE

New law to allow mergers of credit unions

The Lithuanian parliament is to consider a bill allowing mergers of credit unions. The Bank of Lithuania says the measure…

9 years ago
  • Economy

Losses of Lithuania’s credit unions narrow

Assets of 63 credit unions that are members of the Lithuanian Central Credit Union (LCKU) amounted to LTL 1.37 billion…

11 years ago