Lithuania: Problem with Ūkio Bankas Solved

Politics ♦ Published: March 25, 2013; 10:54 ♦ (Vindobona)

The newest Lithuanian financial market data show that the market participants positively assessed the solution chosen by the Bank of Lithuania to deal with the problem of Ūkio bankas.

Lithuania: Problem with Ūkio Bankas Solved / Picture: © Bank of Lithuania

The indicator that reflects the assessment of the market participants regarding the country’s financial stability—the ten-year government bond spreads, which had peaked after the operation of Ūkio bankas was suspended, quickly stabilized, while on 19 of March they returned to the level at which they had been before the bank’s operation was suspended. The 2018 redeemable…

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