Lithuanian economic review
Economic reviews prepared by the Bank of Lithuania present a comprehensive analysis of Lithuania's external environment, real and external sectors, fiscal policy, development of credit and financial markets, price changes and the outlook for Lithuania's economy and price developments. The reviews are published since November 2011.
The Bank of Lithuania macroeconomic projections are a result of both macroeconometric modelling and expert judgement. The projections are first constructed using the structural macroeconometric model that is created, maintained and updated by the Economics Department. The model-based projections are then updated taking into account expert judgement with respect to structural changes and the latest available information about the forthcoming economic shocks.
Financial stability review
The principal objective of the Bank of Lithuania is to maintain price stability. At the same time, modern central banking today is difficult to perceive without a sound and efficient functioning of the payment and securities settlement system and the entire domestic financial system.Latest issue
Reviews of operations of credit institutions
Reviews of operations of credit institutions comprise information on bank operations, profitability and business efficiency of operating banks, loan portfolio, compliance with prudential requirements, as well as the information on Central Credit Union of Lithuania and credit union system. English version of the Review is published once a year.
Banking Activity Reviews
Reviews of the Activities of Credit Unions
Reviews of the Activities of Payment Institutions
The Reviews of the Activities of Payment Institutions are prepared four times a year. They contain information about the development (new licenses issued, planned provision of payment services, etc.) of the system of payment institutions in a certain period and the financial data (total turnover of payment operations carried out by payment institutions, debt for provided payment services, income earned from the provision of payment services, their dynamics in the corresponding period) characterising the system of electronic money institutions, as well as information on the fulfilment of prudential requirements established for electronic money institutions.
Review of Non-Cash Payments
The Review of Non-Cash payments contains information about changes of non-cash payment instruments (credit transfers, payment cards, direct debit, cheques) structure, transactions volume and value in the country and causes of these changes. The Review includes information about the network of ATMs and POS terminals in the country and cash withdrawal data.
Reviews of the Activities of Electronic Money Institutions
The Reviews of the Activities of Electronic Money Institutions are prepared four times a year. They contain information about the development (new licenses issued, planned operations, etc.) of the system of electronic money institutions in a certain period and the financial data (outstanding average of the electronic money, income earned by electronic money institutions, related to the issuance of electronic money and provision of payment services, their dynamics in the corresponding period) characterising the system of electronic money institutions, as well as information on the fulfilment of prudential requirements established for electronic money institutions.
Reviews of Lithuania's Insurance Market
The reviews are prepared quarterly. They present the main indicators of Lithuania’s financial market in the respective period, the changes and effect on further development of the market are assessed. Taking into account the changes in the country’s economic environment, the development of the life and non-life insurance branches, the tendencies in the evolution of different groups and types of insurance is overviewed.
Survey of the Financial Situation of Households with Loans
The purpose of the Survey of the Financial Situation of Households with Loans is to monitor and assess the financial situation of households, its features and developments.
Review of the study of the costs of payment services
The Bank of Lithuania has conducted a comprehensive study of bank costs and income related with the provision of payment services. The study has been conducted according to the methodology which was developed in observance of the methodology for the investigation of social costs prepared by the European Central Bank and the ESCB in 2009. The Study comprised cash handling, payment card, domestic credit transfer in litas, credit transfer in euro and direct debit transactions. Direct and indirect bank costs per specific transaction have been calculated, the composition of the costs of payment services by activity, the ratio of income on payment services to costs, and the costs per transaction have been identified.