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Bank of Lithuania approves guidelines on advertising financial services to boost advertising quality and improve information provision to users

The Bank of Lithuania has approved the Guidelines on Advertising Financial Services targeted at financial market participants who are subject to supervision by the central bank. While providing information on potential benefits of any service or...

Resolutions of the Board of the Bank of Lithuania

The Cash Service started its operation at the Bank of Lithuania

On 3 September, the Cash Service started its operation at the Bank of Lithuania. It will formulate the country’s cash administration policy and will be responsible for its implementation. After establishing this unit and performing the structural...

Decisions of the Supervision Service of the Bank of Lithuania

Monetary Survey and Balance Sheet of Other MFIs, July 2012

Net external assets of monetary financial institutions (MFIs) climbed in July 2012 by LTL 1.6 billion to LTL 9.1 billion at the end of the month. Monetary aggregate M3 increased during the month by LTL 792.0 million, and its annual growth rate...

BIGBANK AS branch was instructed to terminate illegal actions when concluding consumer credit agreements

The Supervision Service of the Bank of Lithuania investigated a customer’s complaint regarding the consumer credit agreement concluded with BIGBANK AS branch and acknowledged that the agreement does not comply with the requirements established in...

Tighter qualification requirements and examination for heads of credit union

To improve the supervision of credit unions, the Bank of Lithuania has established tighter requirements for credit union executives. Credit union executives whose qualifications raise doubts or candidates to take the position, who do not meet the...

Resolutions of the Board of the Bank of Lithuania

Cautious expectations and external environment will not allow Lithuania’s economy to expand faster

As forecasts regarding the country’s slower foreign trade expansion materialised and consumers and producers continued to lack optimism, the Bank of Lithuania left the gross domestic product (GDP) growth forecasts for 2012 and 2013 basically...

Balance Sheet of the Bank of Lithuania, July 2012

In July 2012, external assets of the Bank of Lithuania increased by LTL 1.9 billion, while external liabilities decreased by LTL 31.3 million. At the end of the month these indicators were equal to LTL 20.8 billion and LTL 146.0 million...

Balance of Payments of the Republic of Lithuania, June 2012

The current account balance (CAB) surplus in Lithuania’s balance of payments increased by LTL 40.3 million in June 2012 month on month. Although the surplus in the balance of current transfers decreased, the income balance deficit narrowed...

Decisions of the Supervision Service of the Bank of Lithuania

The inspection results of the credit union Mažeikių kredito unija, which were presented to the Supervision Service of the Bank of Lithuania, showed that capital adequacy, liquidity and...

Strong expansion in credit union activities to be subject to tighter supervision

At the end of the second quarter of this year, the amount of deposits accepted by domestic credit unions surged by a third year on year, with the assets growing at a similar rate. To ensure sustainability and responsibility in the...

Decisions of the Supervision Service of the Bank of Lithuania

Official Reserve Assets, July 2012

At the end of July 2012, official reserve assets made up LTL 20.8 billion (EUR 6 billion). They increased in July by LTL 1.9 billion or 9.9%.

Decisions of the Supervision Service of the Bank of Lithuania

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