Lithuania’s Vasiliauskas calls for prudent lending standards

bank-of-lithuania

Vitas Vasiliauskas, the chairman of the Bank of Lithuania, said last Tuesday that while Lithuania's banks had accelerated their activities in 2011, they should "stay watchful" of maintaining prudent lending standards.

In a review of banking activities for the second quarter of 2011, Vasiliauskas said: "We see evident signs of recovery – the banking system is gaining momentum. Currently, however, we are at a stage when the most challenging task is to safeguard favourable tendencies and to provide

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