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Lithuania slashes required reserves
VILNIUS - The Bank of Lithuania has slashed the required reserve levels of banks from 6 percent to 4 percent. The move is expected to release approximately 1 billion litas (290 million euros) of additional funds into the market. "We are satisfied with the current situation in the crediting market, but this decision will perhaps help to make crediting somewhat more active and will provide some kind of support to commercial banks," Reinoldijus Sarkinas, the chairman of the Bank of Lithu ...| 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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