Bank of Lithuania plans to cut costs by a fifth
Strategic plan aims at improvements to payments system
Lithuania's central bank has announced it will cut its operational expenditure by 20% by 2020 as part of a new strategic plan. It also aims to increase its investment income, improve the country's payments system, and improve the bank's analytical capability.
The plan is aimed at "concentrating on the core activities of the national central bank", a spokesman said in an email to Centralbanking.com. It would consider whether some "supporting functions" could be outsourced, and would introduce new
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