2017-04-03
By decision of the Board of the Bank of Lithuania, EUR 11.5 million has been transferred to the State budget from the Bank of Lithuania’s 2016 profit, which amounted to EUR 27 million, a nearly 24 per cent increase from 2015.
The Bank of Lithuania transfers part of its profit to the State budget in accordance with the Law on the Bank of Lithuania. EUR 7.54 million were transferred to the State budget from the 2014 profit, EUR 10.44 million from the 2015 profit.
The financial performance of the country’s central bank is presented in the Financial Statements of the Bank of Lithuania 2016 that were approved by the Board of the Bank of Lithuania and will be published on the Bank of Lithuania website in the near future.
The Report of the Independent Auditor PricewaterhouseCoopers UAB, which, together with the Financial Statements, will be presented to the Seimas, stated that the Financial Statements presented fairly, in all material aspects, the financial position of the Bank of Lithuania as of 31 December 2016, and its financial performance for the year then ended in accordance with the Law on the Bank of Lithuania and the Accounting Policy of the Bank of Lithuania, approved by the Board of the Bank of Lithuania.