Association of Lithuanian Banks

Mantas Zalatorius, suspected of corruption, is stepping down as head of the Association of Lithuanian Banks. He was temporarily suspended in June after suspicions were brought against him.

Lithuania’s Seimas on Friday adopted a new Law on Lobbying Activities establishing the so-called “cross-declaration” that requires both lobbyists, and politicians and public servants who have contact with lobbyists to report lobbying activities.

Valdas Sutkus, suspected of corruption, has stepped down as president of the Lithuanian Business Confederation.

Aidas Budrys, vice president of the Association of Lithuanian Banks, has been appointed the banking body's acting president after its president Mantas Zalatorius, suspected of corruption, was suspended.

Aldas Rusevicius, board chairman and CEO of construction company Kauno Tiltai, was on Tuesday detained as part of the ongoing corruption investigation, Elena Martinoniene, spokeswoman for the Prosecutor General's Office, told BNS on Wednesday.

Mantas Zalatorius, president of the Association of Lithuanian Banks, who was on Tuesday detained on suspicion of influence peddling, was released later in the day following his interrogation, his lawyer said.

The existing situation in the Lithuanian banking market makes one to start thinking about the establishment of a state commercial bank, President Gitanas Nauseda says, adding that Lithuania should step up competition in the banking sector.

A new specialized bank “European Merchant Bank” will start its operations in Lithuania starting this autumn. The bank plans to start with providing its services for business and in 2020 it will start working with personal customers.

The head of the Lithuanian Industrialists' Confederation hopes that relations between businesses and the president will improve after economist Gitanas Nauseda was elected to the top job.

Almost fifty Lithuanian and foreign capital banks have worked in Lithuania since 1989. There have been German, Irish and Polish banks, which eventually withdrew from the country or went bankrupt, Association of Lithuanian Banks president Mantas Zalatorius recalls. More competition would only benefit...

There is too great a concentration of Swedish banks in Lithuania, thus one of them should be sold. This was a statement by Seimas Budget and Finance Committee chairman Stasys Jakeliūnas on Wednesday. SEB bank and Swedbank – these are namely two Swedish capital banks operating in Lithuania and other ...