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More on the mission, vision, and values of the Bank of Lithuania
Our mission is to bring benefits to society while seeking to foster a reliable financial system and ensure sustainable economic growth. To accomplish it, we rely on highly qualified employees as well as financial and technological resources.
Our purpose is to ensure a reliable financial system and sound money. As a purpose-driven organisation, we perform the functions laid down in the Republic of Lithuania Law on the Bank of Lithuania and participate in implementing the euro area monetary policy with other members of the Eurosystem.
The vision of the Bank of Lithuania is to be an innovative, proactive, and open Eurosystem central bank. Together with the central banks of the euro area – 19 countries that have adopted the euro – and the European Central Bank (ECB) we form the Eurosystem. We participate in the activities of the ECB, the leading institution of euro area central banks responsible for the development and implementation of the monetary policy in the euro area.
Our organisation focuses on developing the necessary competencies and talents, with particular emphasis on strategic competencies, such as leadership, digital excellence as well as personal and team effectiveness. We apply innovations, advanced technical solutions, and efficient work organisation methods in our operations. We organise lectures for our employees on topics of inclusivity, diversity, and emotional well-being, and provide flexible work from home conditions. Moreover, our employees have opportunities to learn by exchanging experiences with their peers from other central banks and participating in mobility programmes. Together with the other Eurosystem central banks, we have signed and are implementing the equality, diversity and inclusion charter, aimed at ensuring equal opportunities and fostering a common corporate culture of inclusion and diversity in central banks.
We adhere to the principle of accountability to the public, which is characteristic of modern national central banks, by being transparent about our activities: we regularly provide the public with objective and comprehensive information about the bank’s activities, we explain and justify decisions and their motives.
We have implemented and apply the principles of integrated strategic management, under which we have updated the Guidelines for the activities of the Bank of Lithuania for 2022–2025. In the Guidelines, the Board of the Bank of Lithuania has established three strategic directions for a four-year period (2022–2025):
- Strategic direction 1: a financial sector that generates value for consumers.
- Strategic direction 2: a financial sector that promotes sustainable economic development.
- Strategic direction 3: a progress-oriented organisation.
The Guidelines also outline specific strategic objectives and criteria for evaluating their achievement. Upon completing the defined cycle of strategic directions (2022–2025), we will summarise the results and publish a report on the work done.
Our employees are guided by the following values:
- Value to society: we supervise and develop the financial sector, our activities are transparent, and “us” prevails over “me”.
- Accountability: we hold ourselves accountable, start change within ourselves, and aim for sustainability.
- Continuous progress: we do not fear change, every day we strive to be better, and we measure and assess changes.
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