VILNIUS – Lithuania’s postal operator Lietuvos Pastas (Lithuanian Post) will most likely not turn into a specialized bank given that such a scenario, as estimated by experts, would be uneconomic but will expand its financial services instead.
“Today, we do not see any use in establishing a stand-alone company on the framework of Lietuvos Pastas, an LP bank,” Lithuanian Transport Minister Jaroslav Narkevic told the reporters on Monday after a meeting with the management board of Lietuvos Pastas.
The analysis of three potential alt...
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