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Taking Counsel: Bank deposit guarantees increased in light of the financial crisis
On October 14, 2008 the Parliament of the Republic of Lithuania adopted the amendments to the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania (“the Law”) which shall come into effect from Nov. 1, 2008. Introduced amendments, for the period of one year (from Nov. 1, 2008 until Oct. 31, 2009), increase bank deposit guarantees to 345,280 litas (100,000 euros). Currently only deposits of up to 75,960 litas (22,000 euros) are insured: the first 10,400 litas (3,0 ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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