2024-06-17 19:00:04
The adoption of the choice occurred behind closed doorways, with out asking the opinion of market members, and it’s scheduled to return into impact on July 1 of this 12 months. This observe, which is in response to the prevailing style of accepting new charges for banks, creates chaos and will increase uncertainty.
June 5 The Ministry of Finance decided that the annual charge of periodic (ex ante) deposit insurance coverage premiums payable to the Deposit Insurance coverage Fund for the interval from 2024 for all members within the deposit insurance coverage system, that’s, the nation’s banks and credit score unions. July 1 till 2025 June 30 is 0.2 p.c of the sum of the primary insured deposits of all deposit insurance coverage system members. That is twice the speed of 0.1% that was legitimate 4 years in the past. insurance coverage premium charge. The decision was adopted with out consultations with the members of the Lithuanian credit score establishments sector.
“Politicians and accountable establishments by no means stop to shock, presenting one disagreeable shock after one other. We discovered concerning the resolution to double contributions to the Deposit Insurance coverage Fund after the choice had already been adopted. What’s extra, the process takes impact instantly – from July 1, banks and credit score unions should calculate and switch contributions based on the brand new process. We’re all the time prepared to speak and resolve issues collectively, we wish to return to the trail of constructing rational choices”, mentioned LBA President Dr. Eivile Čipkutė.
In response to the press launch, the LBA has lately been lacking dialogue with decision-makers in a number of points, together with the concept of extending the solidarity tax for banks as soon as once more, arguing the necessity to cowl the prices of state protection wants.
LBA is satisfied that the observe of yearly contemplating non permanent charges for credit score establishments, which later turn into everlasting or are prolonged a number of occasions, destroys the belief of credit score establishments and their buyers within the state and its tax atmosphere.
2024-06-17 19:00:04