The governing body of the Bank of Lithuania is its Board, which establishes the organisational structure, approves the mission, vision and strategic directions, as well as tackles other pressing issues. Activities at the Bank of Lithuania are organised by the Chair of the Board.
Three Services, namely the Banking Service, the Economics and Financial Stability Service, and the Supervision Service, were set up to perform the core functions of a central bank. Various Departments work under the umbrella of these Services. The responsibility for maintenance and other important activities lies with the Organization Service and its Divisions as well as other autonomous Departments and Divisions.
The main headquarters of the Bank are located in the heart of Vilnius, the capital city; other Bank units are established at Žirmūnų g., Vilnius, and Maironio g., Kaunas. The organisation has approximately 600 employees.
The Constitution of the Republic of Lithuania stipulates that the Bank of Lithuania belongs, by the right of ownership, to the State of Lithuania. It was established by the Seimas, to which the Bank of Lithuania reports on its activities.
The Bank of Lithuania shall have the right to establish branches, representative offices, institutions and enterprises, to be a shareholder or stakeholder in other institutions and enterprises in the Republic of Lithuania and foreign states, provided this is needed to carry out its functions. The Bank of Lithuania shall implement the rights and obligations of the sole shareholder of the Lithuanian Mint – Republic of Lithuania.More