Central bank: banking sector profits may grow 2.5 times this year

This year, profits of the domestic banking sector may grow 2.5 times, totalling about EUR 1.2 billion, says the head of the Financial Stability Department of the Bank of Lithuania.

About half of the growth comes from the high interest rates paid by the central bank in the context of high liquidity, while the other half comes from the difference between the growth rates of loans and deposits.