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A contract signed to transfer the liabilities and assets of Ūkio bankas to Šiaulių bankas

The Bank of Lithuania agreed to the transfer of the liabilities and assets of insolvent Ūkio bankas to another bank.

Three more banks are interested in the opportunity to be involved in the restructuring of Ūkio bankas

Performing the instructions of the Bank of Lithuania to begin preliminary negotiations on the possibility of banks participating in the restructuring of Ūkio bankas, the temporary administrator addressed the banks operating in Lithuania, with the...

Balance Sheet of the Bank of Lithuania, January 2013

In January 2013, external assets and external liabilities of the Bank of Lithuania increased by LTL 49.4 million and LTL 156.3 million respectively. At the end of the month these indicators were equal to LTL 22.0 billion and LTL 215.0 million...

Bank of Lithuania ordered the beginning of negotiations regarding possible transfer of the assets and liabilities of Ūkio bankas

The Bank of Lithuania, aiming to protect the interests of depositors, other customers and the public, and taking into account the necessity to as soon as possible find a solution on the issue of the prospects of Ūkio bankas, told the Bank’s...

For clients of Ūkio bankas - special informational hotlines

For clients the newest important information regarding Ūkio bankas will be available via a special free hotline 8 800 10 007 (for those calling within Lithuania) and tel. +370 37 395 532 (outside of Lithuania). Information via this hotline will be...

V. Vasiliauskas: The priority of the Bank of Lithuania—continuity of the banking operations of Ūkio bankas

The operation of Ūkio bankas is temporarily suspended, a temporary administrator is appointed

Assets and liabilities of credit unions grew in 2012; however the year was loss-bearing for this sector

The amount of deposits accepted by credit unions hiked by almost 30 per cent—to 1.8 billion litas, and their loan portfolio increased by more than 20 per cent—to 1.1 billion litas. With the ongoing strong development of the sector, there should be...

Balance of Payments of the Republic of Lithuania, December 2012

While decreasing from November, in December 2012 the surplus balances of foreign trade, services and current transfers offset the decreasing income balance deficit, leading to a build-up of an LTL 161.4 million surplus in the current account...

Official Reserve Assets, January 2013

At the end of January 2013, official reserve assets amounted to LTL 22.1 billion (EUR 6.4 billion). They decreased by LTL 171.4 million, or 0.8 per cent in January, and increased by LTL 2 billion, or 10.1 per cent during twelve months.

Spurt in Life Insurance Raised the Entire Life Insurance Market

After shrinking in the first quarters of 2012, Lithuania’s life insurance sector gained momentum and recorded an annual increase of 2.5 per cent towards the end of the year. Last year the entire insurance market grew by 5.2 per cent.

Monetary Survey and Balance Sheet of other MFIs, December 2012

In December 2012, the net external assets of monetary financial institutions (MFIs) contracted by LTL 402.0 million and stood at LTL 9.7 billion. Broad monetary aggregate M3 increased by LTL 858.5 million over the month, with its annual growth of...

V. Vasiliauskas: in seeking to adopt the euro, the most important challenges—inflation and public finance discipline

The National Credit Union recognized as insolvent, a decision to withdraw its licence taken

Upon presentation by the National Credit Union’s Administrator of a conclusion that its assets excel its liabilities, the Board of the Bank of Lithuania recognized this credit institution as insolvent. At the same time, a decision was taken to...

The operating license of the credit union Švyturio taupomoji kasa has been revoked

Having assessed the credit union Švyturio taupomoji kasa during an inspection, the data collected on the credit institution’s especially risky and irresponsible activities, additional losses on bad loans and taking into account the data provided...

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