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Litimpeks offers plan to solve liquidity problems

Aug 12, 1999
By Paul Beckman

VILNIUS - Lithuania's Litimpeks Bankas recently presented a strategy for solving its liquidity problems to the country's central bank. One option which Litimpeks has suggested - and the one which seems to be raising the most eyebrows - is to connect itself to Lithuania's largest bank, state-owned Taupomasis Bankas. For the most part, the Lithuanian banking sector has not felt ill effects from the Russian economic and financial crisis. But according to a statement made by Litimpeks' executive boa ...

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