2024-04-29 21:23:07
“Central banks have incurred costs due to assumed liabilities where variable interest rates have been applied.” On the asset side, interest rates are fixed and many of the world’s central banks have either posted losses or used reserves to cover losses in the past year.
This also applies to the central banks of the euro zone, according to our data, only 4 central banks in the euro zone ended the last year profitably”, said G. Šimkus at the meeting of the Seimas Budget and Finance Committee this week.
“I have to be happy that one of the four banks is the Bank of Lithuania. Last year, the Bank of Lithuania earned 23.65 million. EUR profit and transferred 14.38 million to the state budget. euros”, he noted. According to G. Šimkaus, a positive interest rate was also paid for the state balances of the Ministry of Finance in the Bank of Lithuania after a long period of time.
“Last year, LB paid 109.44 million to the Ministry of Finance. EUR interest on applicable balances”, he assured.
LB pays the contribution to the state budget once a year – usually by May 1.
2024-04-29 21:23:07