Postal operator will not turn into bank

  • 2020-10-30
  • TBT/BNS staff
Lithuania’s postal operator Lietuvos Paštas (Lithuanian Post) will most likely not turn into a specialised bank given that such a scenario, as estimated by experts, would be uneconomic but will expand its financial services instead, the outgoing Lithuanian Transport Minister Jaroslav Narkevič told reporters on October 5 after a meeting with the management board of Lietuvos Paštas. The analysis of three potential alternatives had shown that the establishment of a specialised bank and the development of electronic financial services of the postal operator would not be prac...
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