While the emergence of a new player in the Lithuanian banking market would be welcome, establishing a state-owned bank would be a costly process, the country's central bank governor said on Friday.
Bank of Lithuania's
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The Lithuanian Seimas' Committee on Budget and Finance, investigating the circumstances of the decade-old economic crisis, have in principle approved its conclusions on Wednesday.
Lithuanian Prime Minister Saulius Skvernelis said on Tuesday he has no confidence in Vitas Vasiliauskas, the central bank governor.
The Bank of Lithuania's board chairman Vitas Vasiliauskas has no plans to resign amid a parliamentary initiative to voice no-confidence in the central banker and calls for him to step down.
Lithuanian commercial banks might have manipulated Vilnius interbank offered rates (Vilibor), which were used as the benchmark for lending in the litas, during the 2009-2010 economic crisis, Stasys Jakeliunas, chairman of the Seimas Committee on Budget and Finance (CBF), said on Tuesday.
