ECB stress test finds Lithuania’s banks secure and reliable

The three largest banks operating in Lithuania – SEB bank, Swedbank and DNB bank – have very solid capital buffers and assess risks conservatively enough. This became clear after the European Central Bank (ECB), in cooperation with the Bank of Lithuania, inspected the asset quality of the three commercial banks and performed stress testing, the country’s central bank said in a report on 26 October. […]

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Lithuanian buyers still prefer to pay with cash

Lithuanians are inclined to use bank cards to pay for infrequent purchases: they spend 46 percent of card expenditure on clothing or footwear, while only 6 percent per month is spent on food, a survey conducted by SEB Bank reveals. […]