Butkevicius: no need to worry for fate of other banks

Feb 13, 2013

VILNIUS - After the Bank of Lithuania's decision to restrict the economic activities of the bank Ukio Bankas and the appointment of a temporary administrator on Tuesday, Prime Minister Algirdas Butkevicius says that situation in other banks is good and there is no need to worry, writes LETA.

“I can openly and responsibly say that there is no such fear and I think that there will be none in the near future. No one can predict the distant future but currently there are no threats and dangers," said the PM in an interview with radio Laisvoji Banga today.

The PM said that situation in the bank Ukio was not a surprise.

However, Butkevicius says that so far there is no specific plan how to restructure Ukio Bankas.

As reported, today, having assessed the inspection report and other data about the bank Ukio Bankas, the Bank of Lithuania has restricted activities of Ukio Bankas, with the purpose of protecting public, depositors and other clients' interests.

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