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The asset management arm of the Evernord group has been granted a formal Alternative Investment Fund Manager license by Lithuania’s central bank after surpassing required capital thresholds.
The Bank of Lithuania has identified increasing signs of tension in the housing market, posing a new risk to the country's otherwise resilient financial system and economy.
Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, has provided forecasts regarding the second pillar of pensions and stated that revised data indicates improved GDP trends driven by increased consumption.
The chairman of the Bank of Lithuania, Gediminas Šimkus, announced plans to resume the reconstruction project for the central bank's headquarters in Žirmūnai, Vilnius, in 2027, after it was halted a couple of years ago.
Hungary's OTP Bank's agreement to acquire Estonia's third-largest bank has drawn scrutiny from the Lithuanian central bank, which views OTP's continued business operations in Russia as problematic for its expansion into the Baltics.
According to Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, physical banking services are inadequate in eleven municipalities, and the country faces a shortage of 50 ATMs.
The head of the Bank of Lithuania, Šimkus, commented on the European Central Bank's interest rate policy, stating that a hike is unlikely next week. He also raised questions regarding the necessity of
The Bank of Lithuania is proposing legal amendments to combat financial fraud, which include stricter payment confirmations, the right for banks to debit funds from recipients' accounts, and compensation for customers in certain fraud cases.
The Bank of Lithuania suggests that the formation of a new coalition is an opportunity to review taxes and cut benefits, but questions remain about how the new coalition partners will fund their promises.
Gediminas Šimkus, the head of the Bank of Lithuania, stated that the country's ATM network needs to be expanded by at least 50 additional machines to meet public demand.
The Bank of Lithuania has temporarily halted the operations of the payment institution AlphaPay, formerly known as NovaPay.