International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 13:31
Lithuania’s Prime Minister Algirdas Butkevicius says that there are no threats to Lithuania's banking system. The PM says rumors which doubt operations of one of the commercial banks is hooliganism which may have negative impact on the entire banking system, writes LETA/ELTA.
Keyword tags: Banks, Financial Services, Legislation, Lithuania
The public joint-stock company Invalda LT and DNB Bank executed a short-term loan agreement of value of 4.924 million euros, Invalda LT said in a statement, cites LETA.
For the fourth consecutive month in Lithuania, the current account balance (CAB) of the balance of payments recorded a deficit, which in April widened by more than a third month on month, the Statistics Department of the Bank of Lithuania said in a statement, writes LETA.
Scotland's most historic sides Hearts, which used to belong to Lithuanian bank Ukio Bankas's owner Vladimir Romanov, will face the administration on Tuesday, LETA/AFP reports.
In May 2013, external assets and external liabilities of the Bank of Lithuania decreased by LTL 576.7 million (EUR 167.0 million) and LTL 235.3 million (EUR 68.1 million) respectively, writes LETA/ELTA.
Recently the Bank of Lithuania issued a warning about a deceptive financial pyramid functioning in Lithuania, which could become a trap for people who believe that they could earn by doing nothing, informs LETA/ELTA, referring to Respublika.
Lithuania's commercial banks do not expect that loans for households and businesses would increase in the near future, though the amount of deposits beats a record, informs LETA/ELTA, referring to Lietuvos zinios.