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Meeting of the Board of the Bank of Lithuania

The Board of the Bank of Lithuania was presented

Reinoldijus Sarkinas: In 2006, the banking sector development has remained very fast

During the today’s press conference at the Bank of Lithuania, Governor Reinoldijus Sarkinas spoke of preliminary (unaudited) results of the country’s commercial banks in 2006.

Monetary Survey and Balance Sheet of other MFIs, December 2006

At the end of December outstanding amount of lending to households for house purchase exceeds 10 billion litas

In December, currency in circulation increased by LTL 532.1 million.

In December 2006, external assets of the Bank of Lithuania went up by LTL 1.1 billion to form LTL 14.9 billion at the end of the month.

In 2006 official reserve assets increased by 36.7 per cent

At the end of December 2006, official reserve assets made up LTL 15.2 billion (EUR 4.4 billion, USD 5.8 billion). In the course of one month they increased by LTL 1.1 billion, i.e. 8 per cent.

Rapid growth of the import of goods resulted in a sizeable widening of the current account deficit

Meeting of the Board of the Bank of Lithuania

Central banks of the Baltic states and Sweden signed a Memorandum of Understanding on Management of a Financial Crisis in Banks

Today, a Memorandum of Understanding on Management of a Financial Crisis in Banks with Cross-Border Subsidiaries or Branches was signed by the central banks of Lithuania, Latvia, Estonia and Sweden in Stockholm.

Reinoldijus Sarkinas introduced Lithuania’s preparation for participation in the euro area in Warsaw

Mr. Reinoldijus Sarkinas, Chairman of the Board of the Bank of Lithuania, participated in the seminar “The mission of the contemporary central bank. Strategy towards euro adoption” organised by the National Bank of Poland in Warsaw.

Deficit of Lithuania’s Balance of Payments Current Account Decreased by 11.4 Per Cent

In November 2006, central government deposits with the Bank of Lithuania increased by LTL 1.5 billion after the placement of the new euro bond issue by the government

As a result of transactions, external assets of the Bank of Lithuania went up by LTL 1.7 billion throughout November 2006 to form LTL 13.9 billion at the end of the month.

Official reserve assets increased in November by 14.6 per cent

At the end of November 2006, official reserve assets made up LTL 14,064.4 million (EUR 4,073.3 million, USD 5,369.1 million). In the course of one month they increased by LTL 1,789.9 million, i.e. 14.6 per cent.

At the end of October the annual growth rate of broad money went slow to 23.4 per cent.

At the end of October 2006, M3 amounted to LTL 33.1 billion, decreasing by LTL 367.3 million (a drop of LTL 368.2 million as a result of transactions) over one month. The annual growth rate of M3 was 23.4 per cent at the end of October. M2, which...

Presentation of Lithuania and its preparedness to introduce euro in British capital's financial centre

On 23rd of November, a seminar dedicated to the Lithuanian economy, investment and business opportunities in our country, as well as Lithuania's cultural traditions was organised for the Great Britains business community in the City, the financial...

Meeting of the Board of the Bank of Lithuania

Preliminary data show the CAD amounting to 10.4 per cent of GDP during the nine months of 2006

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