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 the Lithuanian Central Credit Union
Reviews of the Activities of Credit Unions
Payments Market Review
The Payments Market Review introduces to topical issues, trends and expected changes in the payments market. It also presents opinions of the Bank of Lithuania on topical issues in the field of payments.
Reviews of the Activities of Payment Institutions
The Reviews of the Activities of Payment Institutions are prepared annually. They present information about the development of the payment institutions system in the respective period (new licences issued, planned provision of services, etc.), summarised financial data of the system of payment institutions, each payment institution's compliance with prudential requirements, review of settled disputes and newly adopted or planned to be adopted legislation, relevant for payment 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 annually. They present information about the development of the electronic money institutions system in the respective period (new licences issued, planned provision of services, etc.), summarised financial data of the system of electronic money institutions, each electronic money institution's compliance with prudential requirements, review of settled disputes and newly adopted or planned to be adopted legislation, relevant for electronic money institutions.
Reviews of the Activities of Management Companies
Reviews of management companies are prepared annually. They present information about the growth of the management companies sector in the respective period and the financial indicators (size of the system of management companies, profitability of activities) as well as information about compliance with prudential requirements.
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.
Reviews of Lithuania's 2nd and 3rd Pillar Pension Funds and of the Market of Cellective Investment Undertakings
This Reviews provide an analysis of the activities of all pension funds for the accumulation of a portion of the state social insurance contribution, supplementary voluntary accumulation of pensions, and collective investment undertakings operating.
Reviews of the Activities of Financial Brokerage Firms
Reviews of financial brokerage firms are prepared annually. They present information about the growth of the financial brokerage firms sector in the respective period and the financial indicators (size of the system of financial brokerage firms, profitability of activities) as well as information about compliance with prudential requirements.
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.