Vitas Vasiliauskas, chairman of the board of the Bank of Lithuania, has admitted to representing numerous offshore companies but also said that he did not open any accounts and did not break any laws. Speaking […]
Vitas Vasiliauskas, the head of Lithuania’s central bank, has been asked to provide an explanation to the Seimas after it was reported that he represented an offshore company linked to Russia’s oligarch Nikolai Tsvetkov before becoming the head of the bank. […]
The leaked Panama Papers indicate that Lithuania’s central bank chief once represented an offshore company linked to a Russian oligarch. […]
Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, will head the bank for another five-year term. […]
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 […]
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. […]
Lithuanian President Dalia Grybauskaitė has nominated Vitas Vasiliauskas, the current chairman of the board at the Bank of Lithuania, for a second term in the post. The appointment has to be endorsed by parliament, the Seimas. […]
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. […]
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. […]
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. […]
The introduction of the euro at the beginning of 2015 has had a significant economic impact on Lithuania, its citizens and businesses, according to the Bank of Lithuania (LB). […]
Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers. […]
A monument to the first manager of the Bank of Lithuania, Vladas Jurgutis, has been unveiled near the headquarters of the Bank of Lithuania. […]
The Bank of Lithuania has drafted a list of private banking services that it proposes should be made more accessible. If the proposal is endorsed by parliament, commercial banks will have to provide basic services like debit card administration, cash withdrawals and money transfers in the EEA to their clients at a fixed charge. […]
A “No” vote in Greece‘s referendum on Sunday would weaken chances for Athens to reach an agreement with its creditors, Vitor Constancio, vice-president of the European Central Bank, said in Vilnius on Friday. […]
The results of stress testing revealed that the domestic financial system is ready to withstand a sharp deterioration in the state of the economy or financial markets. New macroprudential requirements for banks, to be applied from this year, will help enhance the stability of Lithuania’s financial system. Such conclusions are presented in the Financial Stability Review published by the Bank of Lithuania, reports the Bank of Lithuania. […]
Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, begins his visit in Washington, DC, where he will attend the meetings of the International Monetary Fund (IMF) on 16-18 April. At these meetings, central bank governors and finance ministers will discuss measures for accelerating global economic recovery, the Bank of Lithuania reports. […]
On Friday, 27 March, Finance Minister of France Michel Sapin will visit the Bank of Lithuania. The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, during his meeting with Sapin will discuss progress in quantitative promotion, begun this month by the European Central Bank (ECB), as well as accenting need for structural reforms, the national bank said. […]
French Finance Minister Michel Sapin is coming to Lithuania this week to discuss the financial situation in the eurozone. […]
The Bank of Lithuania, jointly with the European Central Bank (ECB) and other central banks of the Eurosystem as of 9 March is undertaking an expanded asset purchase programme. Under this programme, the central banks of the Eurosystem will buy bonds issued by euro area governments, agencies and European institutions in the secondary market, Lithuania’s central bank has announced. […]
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