FAQ

Question
Authorisation. Credit and payments market
	Banks and specialised banks
	Is a bank authorised to refuse to provide services to consumers or businesses?
	Is an institution that has obtained a banking licence in Lithuania obliged to provide banking services in Lithuania?
	Is a bank authorised to outsource part of its functions?
	Is a bank authorised to provide services in other EU Member States?
	Can the capital of the bank being established be formed from funds raised during an ICO?
	Is it necessary to form the capital of the bank being established prior to applying for a licence?
	Can I establish a payments bank?
	Is a specialised bank authorised to provide any financial services?
	Is the applicant obliged to submit a recovery plan?
	Can only citizens of the Republic of Lithuania who permanently reside in Lithuania become directors of a bank?