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In January 2012, the insurance market contracted due to expired and not renewed life assurance contracts
2012 02 24
The amount of insurance premiums written in the domestic insurance market over the first month of this year made up LTL 145.7 million, which was 3.5 per cent less than in January 2011. Negative market change was determined by a significant decline...
Optimizing its operations the Bank of Lithuania will concentrate its key functions within specialised services, and will reform its network of vaults
2012 02 23
The Bank of Lithuania is undertaking structural reform to achieve higher operating efficiency at a lower cost.  Implementing the concept of a new structure approved by the Bank of Lithuania it is projected to concentrate performance of key...
The domestic economy entered the stage of slower growth
2012 02 23
Taking into consideration the increase in the number of signs showing less favourable development prospects, the Bank of Lithuania revises its gross domestic product (GDP) growth prospects for this year downwards. It is projected that, after...
Resolutions of the Board of the Bank of Lithuania
2012 02 23
The year 2011 was turbulent and variable for 2nd pillar pension funds, however, the fourth quarter was more optimistic
2012 02 22
The assets held by 2nd pillar pension funds (PFs), which have more than one million participants, were increased last year by the funds transferred by the State Social Insurance Fund (SODRA), however, the negative return on investment reduced...
The Bank of Lithuania requires immediately stopping the Danske Bank A/S Lithuania branch’s advertising which may be misleading for users
2012 02 20
Having identified that users can be misled while being informed about the financial services, the Bank of Lithuania required the Danske Bank A/S Lithuania branch to immediately take action and ensure that information being provided is compliant...
Balance Sheet of the Bank of Lithuania, January 2012
2012 02 14
In January 2012, external assets and external liabilities of the Bank of Lithuania decreased by LTL 2.1 billion and LTL 81.1 million respectively. At the end of the month these indicators were equal to LTL 20.3 billion and LTL 1.0 billion...
Special logotype of the Bank of Lithuania will remind of important dates of the national history of money
2012 02 13
This year, the Bank of Lithuania publications, website, new exhibitions of the Money Museum will be marked by the anniversary sign of the Bank of Lithuania created by the students of the Vilnius Academy of Arts. It will remind of two important...
Balance of Payments of the Republic of Lithuania, December 2011
2012 02 13
In December 2011, the deficit on the current account balance (CAB) of the country’s balance of payments grew month on month by LTL 238.4 million or 68 %. This change in the CAB was the result of an increase in the income balance deficit and the...
Since the beginning of the year, all 2nd and 3rd pillar pension funds operated profitably
2012 02 10
In January 2012, the weighted average unit value of 2nd pillar pension funds increased by 2.93 per cent, and that of 3rd pillar pension funds went up by 4.38 per cent. Such results of 2nd and 3rd pillar pension funds were determined by optimism in...
Resolutions of the Board of the Bank of Lithuania
2012 02 09
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Vasiliauskas: bank profits at a pre-crisis level, loan portfolio shrinks
2012 02 08
Insurance market grew in 2011 driven by non-life insurance
2012 02 07
Last year was a successful one to the insurance market as its growth rate almost doubled compared with the national economy.  In 2011, the amount of written premiums reached as high as LTL 1.7 billion, a year-on-year rise of 9.5%. And the...
Official reserve assets, January 2012
2012 02 07
At the end of January 2012, official reserve assets made up LTL 20 billion (EUR 5.8 billion). They decreased month on month by LTL 1.9 billion or 8.6%, but increased year on year by LTL 3.7 billion or 23%.
Bank of Lithuania joins Single Euro Payments Area (SEPA)
2012 02 06
From now on government institutions holding their accounts with the Bank of Lithuania will be able to initiate and receive payments in euros according to the SEPA credit payments scheme.
Bank of Lithuania hosts student research competition “New Economic Ideas”
2012 02 03
To stimulate the development of economic ideas and promote financial literacy, the Bank of Lithuania is organising this year a university student competition entitled “New Economic Ideas”.
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