VILNIUS – High concentration in Lithuania's banking sector has so far not resulted in a lack of competition in this sector, Kristalina Georgieva, managing director of the International Monetary Fund, says.
She attended a virtual discussion organized by Lithuania's presidential office on the possibility to establish a national development bank in Lithuania on Thursday.
In her speech, she spoke of three key challenges, including a high degree of concentration in Lithuania's banking sector, small and medium enterprises’ inadequate a...
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