The Baltics Today

Bank of Lithuania revokes license of Vilnius savings bank

Taking into account that the credit union Vilniaus Taupomoji Kasa (Vilnius savings bank) fails to comply with all the prudential requirements and its operations and financial situation pose a threat to the interests of depositors, creditors and the public, the Board of the Bank of Lithuania recognised this credit institution as being insolvent and revoked its operating license, said the Bank of Lithuania in a statement, cites LETA/ELTA.... Read more...

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