I do not understand Yakeliun's proposal: contradicts all the principles



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Stasys Jakeliūnas, a Seimas member, said Wednesday on the Sejm podium that one of the Swedish capital banks, Swedbank or SEB, should be sold. The experts speaking on the tv3.lt portal do not see any logical justification in such statements from a politician.

"The concentration of Swedish banks is too high and poses a threat – it's about a decade or fifteen years ago, as some conversations show," said Jakeliūnas.

The Chairman of the Committee on Budget and Finance Seimas believes that the recommendation to sell one of the Swedish banks could be included in the conclusions of the investigation of the crisis, which will be subject to review Seimas.

"This could be a recommendation that one of the Swedish banks could or should ultimately be sold to a country where the euro is the national currency of any strategic bank," said S. Jakeliūnas on Wednesday. Sejm.

According to him, Sweden does not intend to enter the euro area and the dependence of Lithuania, whose currency is the euro, vis-à-vis the system Swedish banking is one of the risk factors.

I do not understand the offer

The tv3.lt portal contacted representatives of Swedbank and SEB to comment on the public deliberations of S. Jakeliūnas. Both banks decided not to evaluate the statements.

"We do not comment on the position of the politicians" – Saulius Abraškevičius, spokesman for Swedbank, replied to tv3.lt.

Mantas Zalatorius, president of the Lithuanian Banks Association (LBA), was surprised by such statements from the politician.

"I really respect Mr Jakeliūnas as an educated politician, but such a statement contradicts all the principles of the free market and the economy," said Mr Zalator, tv3.lt.

In the speaker's view, such speeches send a highly controversial message to both the public and the banking market, foreign investors and the financial community as a whole.

According to the president of the Association of Banks, decisions regarding the sale or purchase of private property must be made by the owners of that property and not by politicians.

"Whether it's a car, a house or a bank," said Zalator.

According to him, Swedish banks around the world are recognized as exemplary, among the most modern and among the most socially sensitive.

"Now they are demonized on the Sejm's podium," said the president of the Lithuanian Banks Association.

Mr Zalator is also surprised at the announcement of the risks badociated with the introduction of the euro in Sweden. According to the speaker, the global financial system contains many currencies, different from the dominant global banks.

"So, such a statement is a bit of a change," Zalator summed up.

There is no basis or meaning

The Chairman of the Board of Directors of the Bank of Lithuania, Vitas Vasiliauskas tv3.lt, said that no legal or natural person had approached the Bank of Lithuania to obtain the "bank". authorization to buy SEB or Swedbank.

The Bank of Lithuania is also not known to have a potential buyer interested in any of these banks.

"In our opinion, when there is neither a real buyer nor a person who has shown at least one initial intention to buy, taking into account the consequences of the purchase-sale transaction has no basis. and no meaning, "commented the head of the Bank of Lithuania.

According to V. Vasiliauskas, if the owner changes, the number of banks will remain unchanged, so that the level of concentration of the financial services market or the level of competition will not change in any way.

The Finance and Budget Committee, chaired by S. Jakeliūnas, examines how previous governments have managed the country's finances since 2005 and how the country acted in the aftermath of the economic crisis. The study should be completed in April of the following year.

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