Lithuanian commercial banks may have to accumulate additional capital buffers for risk control, said Vitas Vasiliauskas, the head of Bank of Lithuania, at the Lithuanian Banking Association conference.
Vitas Vasiliauskas
© DELFI / Šarūnas Mažeika

A systemic risk capital buffer size can range from zero to 5% but Vasiliauskas said the Bank of Lithuania is only now deciding on whether there is a need for banks to hold such a reserve.

At present, banks are required to comply with the minimum 8% of the total capital adequacy and 0.025 rate of the capital conservation buffer.

Six Lithuanian banks and eight foreign bank branches are currently operating in Lithuania.


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