Lithuania’s central bank has revoked the electronic money institution licence of Foxpay for gross and systemic violations of laws on anti-money laundering and counter-terrorist financing, protection of client funds and other legislation.
Bank of Lithuania
289 articles
The Bank of Lithuania on Friday restricted the activities of payment processor Kevin EU until further notice.
On Monday, President Gitanas Nausėda accepted the resignation of member of the Board of the Bank of Lithuania Jurgita Šaučiūnienė.
The Bank of Lithuania on Friday announced to have restricted activities of financial technology company Foxpay and appointed a temporary representative to supervise its activities.
In March 2024, Lithuanian households were offered highest interest rates on deposits of over 2 years
The Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in March 2024. Charts include euro area countries whose data are published on the website of the Europea...
The European Central Bank (ECB) is expected to cut interest rates by 25 basis points in June, says the board chairman of Lithuania’s central bank.
The Bank of Lithuania notes that Estonian authorities were responsible for overseeing BaltCap Infrastructure Fund, whose former partner is suspected of embezzling and gambling away millions of euros of the fund’s money. Managing Partner of BaltCap equity fund Simonas Gustainis describes the situatio...
The Bank of Lithuania has published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in December 2023.
Lithuania is a priority market for Poland’s commercial banks, claims Lithuania’s Minister of Finance Gintarė Skaistė as the Government continues its efforts to attract a new foreign bank to set up shop in the country.
The Bank of Lithuania has announced that customers will be able to make instant payments during the upcoming holidays Most residents using payment services will be able to make instant payments to an account with another bank or electronic money institution (EMI) in a few seconds, the central bank s...
Lithuania’s economy has been at about the same level for the second year in a row, i.e. it is neither expanding nor weakening. Next year it will exit the period of stagnation as a result of private consumption driven by real income growth and recovering demand in export markets. However, the full po...
The Bank of Lithuania projects the country’s economy to shrink by 0.2% this year. Projections have been upgraded by 0.4% compared with September’s forecast of 0.6% economic decline.
Lithuania’s Central Electoral Commission (VRK) has refused to register Antanas Kandrotas, a controversial activist, as a presidential candidate for 2024 election.
The Bank of Lithuania forecasts that the country’s economy will experience a 0.6% recession in 2023. Projections for this year have been upgraded from a 1.3% recession forecast in June.
The governor of the Bank of Lithuania believes the European Central Bank’s (ECB) latest increase of key interest rates may be the last one in efforts to tame inflation.
For the first time, the Bank of Lithuania published a comparison of interest rates on deposits with agreed maturity (term deposits) and loans of Lithuanian and euro area credit institutions (banks, credit unions). It takes into account the key ECB interest rate developments and their impact on inter...
The Bank of Lithuania, the National Cyber Security Centre (NCSC), the Lithuanian Banking Association (LBA) and individual financial market participants have agreed to cooperate by exchanging special information on cyber threats, the central bank said in a press release.
The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for June 2023, which show that deposits of Lithuanian residents with credit institutions decreased by €300.6 million, or 0.8% over the month (its annual growth rate was 10.7%): non-finan...
As a result of changes in financing conditions and uncertainty about the outlook for economic growth, the growth of the bank loan portfolio was the lowest over the past two years. The quality of bank lending remained stable, while bank profits and interest income continued to accelerate, stated the ...
The central bank and Lithuania's honorary consul in Germany held an event on Tuesday aimed to present advantages of the country’s banking sector to German commercial banks.
