2024-07-24 23:58:47
“It is likely that the bank would be more business-oriented, at least at the beginning of its operations.” But the specific volumes will be seen when they start operating in Lithuania,” G. Skaistė told reporters on Wednesday.
“It is too early to say what the specific volume of activity will be and who the customers will be. Apparently, it is necessary to wait for the application of the bank itself, what it wants to do in Lithuania. From the public space, it is more likely to focus on business,” she explained.
According to the Minister of Finance, the arrival of such a bank in Lithuania can improve conditions for businesses and increase their access to capital.
“Apparently the conditions for those businesses hoping to receive bank financing will possibly improve due to greater competition.” Because access to capital in Lithuania is relatively shallow, the market is concentrated. Therefore, any arrival of a player is appreciated,” she commented.
“Verslo žinios” reported on Bank of Taiwan’s intention to open a branch in Lithuania last week.
The information that the Financial Supervisory Commission of Taiwan (FSC) has approved Bank of Taiwan’s application to establish in Lithuania was confirmed to the portal by the head of the Lithuanian Trade Representative Office in Taipei, Paulius Lukauskas.
As announced, “Bank of Taiwan” intends to open a representative office in Lithuania in order to expand the scope of business in Central and Eastern Europe.
Bank of Taiwan currently has eleven representative offices including USA, Hong Kong, Japan, Singapore, UK, South Africa, Australia.
2024-07-24 23:58:47