Publication:
Lithuania : Banking System Assessment

dc.contributor.author World Bank
dc.date.accessioned 2013-03-21T15:04:00Z
dc.date.available 2013-03-21T15:04:00Z
dc.date.issued 2009-12
dc.description.abstract The Bank of Lithuania (BoL), the Central Bank, was established in 1990. BoL has the exclusive right to grant and revoke licenses to local and foreign banks and to supervise their activities. Private commercial banking boomed from 1991 to 1994 while bank regulation was lax. In late 1995, a bank crisis caused failures of most of the Lithuanian banks, and the remaining banks resulted in better managed and supervised institutions. BoL also applied tougher regulation on the banking sector. All commercial banks now need to have their financial records audited every year by an international auditing firm. This report includes the following headings: risks and contingency crisis management in the Lithuanian banking system; credit risk and regulatory issues; and description of corporate debt restructuring procedures in Lithuania. en
dc.identifier http://documents.worldbank.org/curated/en/2009/12/16420914/lithuania-banking-system-assessment
dc.identifier.uri http://hdl.handle.net/10986/12822
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ADMINISTRATIVE COSTS
dc.subject AGREEMENT OF CREDITORS
dc.subject ARREARS
dc.subject ASSET RESOLUTION
dc.subject ASSET VALUES
dc.subject ASSETS
dc.subject AUDITING
dc.subject BALANCE SHEET
dc.subject BALANCE SHEETS
dc.subject BANK BRANCHES
dc.subject BANK DEBT
dc.subject BANK EQUITY
dc.subject BANK FAILURES
dc.subject BANK LOANS
dc.subject BANKING SECTOR
dc.subject BANKING SYSTEM
dc.subject BANKING SYSTEMS
dc.subject BANKRUPT
dc.subject BANKRUPTCY CASES
dc.subject BANKRUPTCY FILINGS
dc.subject BANKRUPTCY LAW
dc.subject BANKRUPTCY MANAGEMENT
dc.subject BANKRUPTCY PETITION
dc.subject BANKRUPTCY PROCEDURES
dc.subject BANKRUPTCY PROCEEDING
dc.subject BANKRUPTCY PROCEEDINGS
dc.subject BANKRUPTCY PROCESS
dc.subject BORROWER
dc.subject BUSINESS PLAN
dc.subject CAPITAL ADEQUACY
dc.subject CASH FLOWS
dc.subject CLAIM
dc.subject CLAIMS OF CREDITORS
dc.subject CLAIMS OF EMPLOYEES
dc.subject COLLATERAL
dc.subject COLLECT DEBTS
dc.subject COMMERCIAL BANKS
dc.subject CONCESSIONS
dc.subject CONFLICT OF INTEREST
dc.subject CORPORATE DEBT
dc.subject CORPORATE DISTRESS
dc.subject COURT OF APPEALS
dc.subject COURT ORDER
dc.subject CREDIBILITY
dc.subject CREDIT INSTITUTIONS
dc.subject CREDIT LOSSES
dc.subject CREDIT MARKETS
dc.subject CREDIT RISK
dc.subject CREDITOR
dc.subject CREDITORS
dc.subject CREDITORS COMMITTEE
dc.subject CREDITORS HOLDING CLAIMS
dc.subject CREDITORS MEETING
dc.subject CREDITS
dc.subject CROSS-BORDER INSOLVENCIES
dc.subject CURRENCY DEVALUATION
dc.subject DEBT GUARANTEE
dc.subject DEBT GUARANTEES
dc.subject DEBT RESTRUCTURING
dc.subject DEBTOR
dc.subject DEBTORS
dc.subject DEFAULTS
dc.subject DEPENDENT
dc.subject DEPOSIT
dc.subject DEPOSIT INSURANCE
dc.subject DEPOSIT INSURANCE FUND
dc.subject DEPOSIT INSURANCE SCHEME
dc.subject DEPOSITOR
dc.subject DEPOSITORS
dc.subject DEPOSITS
dc.subject DISCRETIONARY POWERS
dc.subject DISPOSAL OF ASSETS
dc.subject DISPUTE RESOLUTION
dc.subject DISSENTING CREDITORS
dc.subject DISTRESSED ASSET
dc.subject DISTRESSED COMPANY
dc.subject DOMESTIC BANK
dc.subject DOMESTIC BANKS
dc.subject ECONOMIC SITUATIONS
dc.subject EMPLOYEE CLAIMS
dc.subject EMPLOYEE WAGES
dc.subject ENCUMBRANCES
dc.subject ENTERPRISE RESTRUCTURING
dc.subject EQUITY SECURITIES
dc.subject EQUITY VALUE
dc.subject ESTATE
dc.subject EXCHANGE RATE
dc.subject EXTERNAL DEBT
dc.subject FINANCIAL CRISES
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL DIFFICULTIES
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL POLICY
dc.subject FINANCIAL POSITION
dc.subject FINANCIAL PROBLEMS
dc.subject FINANCIAL RESOURCES
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL SITUATION
dc.subject FINANCIAL STABILITY
dc.subject FINANCIAL STATEMENTS
dc.subject FINANCIAL SYSTEM
dc.subject FORCED SALE
dc.subject FOREIGN BANK
dc.subject FOREIGN BANKS
dc.subject FOREIGN EXCHANGE
dc.subject GOOD FAITH
dc.subject GOVERNMENT BONDS
dc.subject GOVERNMENT GUARANTEES
dc.subject GOVERNMENT SECURITIES
dc.subject GUARANTEE FUND
dc.subject IMMOVABLE PROPERTY
dc.subject INDIVIDUAL BANKRUPTCY
dc.subject INDIVIDUAL BANKS
dc.subject INITIATION OF BANKRUPTCY
dc.subject INITIATION OF BANKRUPTCY PROCEEDINGS
dc.subject INSOLVENCY
dc.subject INSOLVENCY CASES
dc.subject INSOLVENT
dc.subject INSOLVENT BANKS
dc.subject INSOLVENT INSTITUTION
dc.subject INSTITUTIONAL FRAMEWORK
dc.subject INSTITUTIONAL FRAMEWORK FOR INSOLVENCY
dc.subject INSUFFICIENT ASSETS
dc.subject INSURANCE COMPANIES
dc.subject INTEREST RATE
dc.subject INTEREST RATES
dc.subject JUDGE
dc.subject JUDGES
dc.subject JUDGMENTS
dc.subject JUDICIAL PROCEDURE
dc.subject JUDICIAL PROCEEDING
dc.subject LAST RESORT
dc.subject LAWS
dc.subject LEGAL FRAMEWORK
dc.subject LEGAL FRAMEWORK FOR BANKRUPTCY
dc.subject LEGAL FRAMEWORK FOR CREDITOR RIGHTS
dc.subject LENDER
dc.subject LENDER OF LAST RESORT
dc.subject LENDERS
dc.subject LIABILITY
dc.subject LIQUIDATION
dc.subject LIQUIDATION PROCEDURE
dc.subject LIQUIDITY
dc.subject LIQUIDITY CRISIS
dc.subject LIQUIDITY PROBLEMS
dc.subject LIST OF CREDITORS
dc.subject LOAN
dc.subject LOAN ASSETS
dc.subject LOAN CLASSIFICATION
dc.subject LOAN LOSS
dc.subject LOAN LOSS PROVISIONING
dc.subject LOAN LOSSES
dc.subject LOAN PORTFOLIO
dc.subject LOAN PORTFOLIOS
dc.subject LOCAL BANKS
dc.subject LOSS OF VALUE
dc.subject MACROECONOMIC CONDITIONS
dc.subject MAJOR CREDITOR
dc.subject MAJOR CREDITORS
dc.subject MAJORITY OF CREDITORS
dc.subject MANDATES
dc.subject MARKET RISK
dc.subject MODEL LAW
dc.subject MODEL LAW ON CROSS-BORDER INSOLVENCY
dc.subject MODERN REHABILITATION
dc.subject MORTGAGE
dc.subject MORTGAGES
dc.subject NEW INSOLVENCY
dc.subject NEW INSOLVENCY LAW
dc.subject NUMBER OF BANKRUPTCY
dc.subject NUMBER OF BANKS
dc.subject OPERATIONAL RISK
dc.subject OVERDUE LIABILITY
dc.subject OVERDUE LOANS
dc.subject PENALTIES
dc.subject PENALTY
dc.subject PETITION FOR BANKRUPTCY
dc.subject PRINCIPAL CREDITORS
dc.subject PRIORITY OF PAYMENT
dc.subject PROBABILITY OF DEFAULT
dc.subject PROFITABILITY
dc.subject PROPERTY RIGHTS
dc.subject PUBLIC DISCLOSURE
dc.subject PURCHASE AND ASSUMPTION TRANSACTIONS
dc.subject RECAPITALIZATION
dc.subject RECEIVERSHIP
dc.subject RECOVERY RATES
dc.subject REGULATORY FRAMEWORK
dc.subject REGULATORY REPORTS
dc.subject REORGANIZATION
dc.subject REORGANIZATION CASES
dc.subject REORGANIZATION PLANS
dc.subject REPAYMENT
dc.subject REPAYMENT OF CREDITORS
dc.subject REPOS
dc.subject RESERVE REQUIREMENTS
dc.subject RESTRUCTURING PLAN
dc.subject RESTRUCTURING PROCESS
dc.subject RESTRUCTURING PROCESSES
dc.subject RESTRUCTURING PROGRAMS
dc.subject RISK MANAGEMENT
dc.subject SALE OF ASSETS
dc.subject SALE PROCEEDS
dc.subject SATISFACTION OF CLAIMS
dc.subject SECURITIES AS COLLATERAL
dc.subject SETTLEMENT
dc.subject SOLVENCY
dc.subject SOVEREIGN GUARANTEE
dc.subject SYSTEMIC CRISIS
dc.subject TRADITIONAL BANKRUPTCY
dc.subject TRUSTEE
dc.subject UNANIMOUS CONSENT
dc.subject UNSECURED CREDITORS
dc.subject VALUATION OF ASSETS
dc.subject VOTE OF CREDITORS
dc.subject WAGES
dc.subject WORKOUTS
dc.title Lithuania : Banking System Assessment en
dspace.entity.type Publication
okr.date.disclosure 2012-06-25
okr.doctype Economic & Sector Work :: Policy Note
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2009/12/16420914/lithuania-banking-system-assessment
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000333037_20120625023110
okr.identifier.internaldocumentum 16420914
okr.identifier.report 70078
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/25/000333037_20120625023110/Rendered/PDF/700780ESW0P1160tal0Combined0Report.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Lithuania
okr.sector Finance :: Non-compulsory pensions, insurance and contractual savings
okr.sector Finance :: Banking
okr.theme Financial and private sector development :: Regulation and competition policy
okr.theme Economic management :: Macroeconomic management
okr.theme Economic management :: Debt management and fiscal sustainability
okr.topic Finance and Financial Sector Development :: Deposit Insurance
okr.topic Banks and Banking Reform
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Private Sector Development :: Emerging Markets
okr.topic Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.unit Private/Financial Sectors Devt (ECSPF)
okr.volume 1 of 1
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