Finance Minister Vilius Sapoka is not enthusiastic about the idea of establishing a new state-owned commercial bank in Lithuania, saying this would involve huge costs and risks. "There've been such banks in Lithuania and we all know very well how that ended," Sapoka told reporters on November 15. "The risks are really high. A decision to create a new state bank would require huge amounts of money."
According to the minister, it is questionable whether a state-run commercial bank could operate sustainably.
"State...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section