The bank’s profit in 2012 plunged by 6.2 times, from 128.04 million litas in 2011.
“Considering the decline in actual 2012 profit, it was decided to transfer its full amount to the budget,” the central bank said in a press release.
The bank attributed the decline in profits to low interest on safe investments, which prevailed on global markets last year. As a result, interest income on external assets managed by the Bank of Lithuania declined as well.
