S.Jakeliūnas sends a signal to Swedes: SEB or Swedbank should be sold | Business



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According to the parliamentary party, such a recommendation could be included in the conclusions of the Seimas commission – they will be presented at the conclusion of the investigation into the circumstances of the economic crisis that occurred a decade ago.

"Sweden is not yet going to join the euro zone and the fact that the euro has not given them national currency, we (Lithuania – SNB), still depend on the Swedish banking system," said the deputy.

According to S. Jakeliūnas, "it is an issue to be discussed", but we have already been talking about it for a long time.

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

S. Jakeliūnas said at the end of today's meeting that it was his personal position. Mykolas Majauskas, member of the Seimas, asked if the bank would not buy Russia.

"There can be no Russia and no other language.It is a country of the euro zone, and it is not any Italy.Which would be stable, reliable and would supervise properly its banking system, the currency risk remaining and remaining, "said S. Jakeliūnas at the end of the meeting.

Send a signal

15 minutes Contact S.Jakeliunas and badure him that this matter has not yet been submitted to the Committee – this is the personal opinion of the President. He will propose a recommendation to include the banks in the conclusions of the investigation into the causes of the crisis, but it will be decided if necessary. And now, according to S. Jakeliūnas, a signal is sent to the banks.

"My personal opinion is that the concentration of Swedish banks in the Baltic States is too high and that this was one of the factors that led to the crisis in the Baltic states because Sweden is not a country in the eurozone and is not going to be in the near future, "said S. Jakeliūnas. .

According to him, a possible sale of one of the banks will also be discussed with the Swedish banking supervisors.

"If the Swedish banking supervisor took a similar approach, it would be a matter for reflection – it should not be a language about the Lithuanian subsidiary of SEB or Swedbank – of all the Baltic countries as a region. But I think the basis for sending this signal is and that it can start a discussion, "said Jakeliūnas.

He explains that if Lithuania again became dependent on funding from the parent banks, this situation would have occurred until the end of 2008. "And the banks will begin to grow there, it would further increase the likelihood of a crisis. .

"To reduce this risk and taking into account the experience of other countries and the position of the Swedish Central Bank, exposed in 2010, In February, when the discussion took place: the head of the bank the central bank made a statement, saying that I would rephrase it so that the Swedish central bank would not be against it if the concentration or size of the portfolio in the Baltic states had been shared with another country, "he said. position. Jakeliunas.

According to him, the same situation has been on the market for several years now – governments and previous leaders have not paid public attention.

"Since we are conducting research not only to summarize the causes, but also to reduce the risk of future crises, such an idea has been expressed, that is, my personal position, which was not presented to the And if this will be proposed as one of the conclusions and possibly recommendations, it is the subject of discussion, "said Jakeliūnas.

Julius Kalinskas / 15min photo / Count Jakeliūnas

Julius Kalinskas / 15min photo / Count Jakeliūnas

He badured that before the conclusion of the study, the Swedish authorities and the parliaments of the other Baltic States would be consulted "Is there a similar vision?"

"Is it time for these discussions, or the right way of saying, that one of these banks is sold – it's just about sending the signal out and out?" other institutions, "called to discuss S.Jakeliūnas.

M.Zalator: The shareholders decide the sale of the bank

Mantas Zalatoris, president of the Lithuanian Banks Association (LBA), is surprised that such proposals are formulated by politicians and not by bank owners.

Picture from LRVK / Darius Janutis / Mantas Zalatorius

Picture from LRVK / Darius Janutis / Mantas Zalatorius

"It's his opinion, but the sale or non-sale of one company or another is decided by its shareholders and not by a Lithuanian citizen or a Seimas member. It takes more responsibility to think about whether such statements, sometimes unobtrusive, must be taken into account, what the consequences may be, "said Zalator, SNB.

"We do not even dream of such things, but I do not want to speculate on the consequences," he added.

In the spring, Parliament asked the commission to investigate how previous governments have managed the country's finances since 2005. The committee badyzes the activities of right-wing and left-wing political forces in the country's financial management. The study should be completed by April 15, 2019.

Mr. Majauskas: "Clues destroy credibility"

Member of the Seimas, a member of the Homeland Union – The Lithuanian Christian Democrat Mykolas Majauskas calls the declarations of S.Jakeliūnas as illusions.

"The illusions of Stasys Jakeliūnas ruin confidence in the Lithuanian banking system.The irresponsible statements about who and when to sell should look like management techniques of the Kremlin.These illusions can lead to mistrust of banks operating in Lithuania," – 15 minutes Mr. Majauskas writes in the comments sent.

According to him, there is no doubt that the concentration of Scandinavian banks in Lithuania is high.

Vidmantas Balkūnas / 15min photo / Michael Majauskas

Vidmantas Balkūnas / 15min photo / Michael Majauskas

"However, to increase competition, Lithuania needs to invite new banks and investors and not force its Swedish shareholders to sell to existing badets." Such an approach of the representative majority of the supervisory authority negatively affects the market. Lithuanian investment environment and deters potential investors from the European Union ", – badesses Mr Majauskas.

V.Vasiliauskas: The sale of the bank will not increase competition

The sale of one of the Lithuanian banks in the competition market would not increase, said the head of the Bank of Lithuania (LB).

"With the change of ownership, the number of banks would remain unchanged in the financial services market, neither the concentration nor the level of competition would change in any way," said Vitas Vasiliauskas, chairman of the LB board of directors , commenting on the statement by the chairman of the Seimas Committee on Budget and Finance, Stasys Jakeliūnas, one of the two countries in operation. Swedish banks – SEB or Swedbank – should eventually be sold.

Vidmantas Balkūnas / 15min photo / Vasiliauskas Vitas

Vidmantas Balkūnas / 15min photo / Vasiliauskas Vitas

According to V.Vasiliauskas, no natural or legal person requests the authorization of the Bank of Lithuania to acquire one of these banks. The Central Bank is also unaware of the presence of a potential buyer.

"In our opinion, when there is neither a real buyer nor a person who has demonstrated at least an initial intention to buy, taking into account the consequences of a purchase-sale transaction "No basis and no meaning," V.Vasiliauskas stressed.

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