Republic of Lithuania: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 137

Publication date: April 2007

ISBN: 9781451824155

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Topics covered in this book

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Banks and Banking , Finance , Investments and Securities-General , Labor , Taxation - General , ISCR , CR , bank , earnings , worker , rate , parent bank , tax wedge , bank asset-to-GDP ratio , word bank World Development Indicators , bank supervisor , parent-bank lending , income tax , Personal income tax , Tax wedge , Wages , Income tax systems , Securities , Eastern Europe , Baltics , Global

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Summary

This Selected Issues paper on the Republic of Lithuania discusses structure of the financial sector, banking system vulnerabilities, and challenges. Rapid credit growth has been channeled into consumer and real estate lending, and is increasingly financed by foreign borrowing. The financial soundness indicators (FSIs) suggest a sound banking system, but may be lagging measure for financial system health. The current stress tests do not include a scenario with an economy-wide recession that could describe broader systemic risks to the banking system.