The information below provides details about the Lithuania banking system, and details on opening an Lithuania offshore bank account. You will find details on the governing body, as well as a list of local and international banks that operate in Lithuania.
The Bank of Lithuania is the central bank of the Republic of Lithuania. Its principal objective is to maintain price stability. In seeking its principal objective, the Bank of Lithuania is independent from the Government of the Republic of Lithuania or other institutions of the state.
The first private commercial banks in Lithuania were established in January 1989, while the central bank – Bank of Lithuania – was established a year later. The reform of Lithuania’s state-owned banking sector was started in 1992, with the introduction of a standard two-tier banking system consisting of the central bank and the commercial banks. At present, the Bank of Lithuania has the exclusive right to grant and revoke licenses to local and foreign banks and to supervise their activities. The central bank also represents Lithuania in international banking institutions. (Lithuanian Development Agency; Bank of Lithuania)
List of banks currently operating in Lithuania;
Deposit Money Banks
Currently, 9 commercial banks holding a license from the Bank of Lithuania are operating in the country.
Foreign Banks Representative Offices
Currently, 5 foreign banks representative offices are operating in the country.
Foreign Banks Branches
Currently, 6 foreign bank branches are operating in the country.
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