Lithuanian finance minister: Establishing state bank would be costly, risky

  • 2019-11-29
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...
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