Bank of Lithuania's

Central banker says establishing state bank would be costly

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...

Crisis investigators in principle approve final conclusions

The Lithuanian Seimas' Committee on Budget and Finance , investigating the circumstances of the decade-old economic crisis, have in principle approved its...

Prime Minister says he has no confidence in central bank governor

Lithuanian Prime Minister Saulius Skvernelis said on Tuesday he has no confidence in Vitas Vasiliauskas , the central bank governor.

Bank of Lithuania governor sees no basis for resignation

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...

Lithuanian lenders might have manipulated interest rates during crisis, MP says

Lithuanian commercial banks might have manipulated Vilnius interbank offered rates (Vilibor), which were used as the benchmark for lending in the litas,...