Minister of Finance Kristupas Vaitiekūnas: "The benefits of ILTE structural reforms initiated by the Ministry of Finance are felt in an increasing number of areas of activity"
The strengthening of the National Development Bank ILTE initiated by the Ministry of Finance is already yielding tangible results, in 2025, major reforms of the ILTE governance and supervision model were implemented, and international experts with extensive experience were attracted to the management of the company. The Minister of Finance Kristupas Vaitiekūnas emphasizes the intention of the Ministry of Finance to make ILTE a modern and flexible tool for promoting the economy and the clear task of this institution to mobilise and inject EUR 6 billion in investments into the Lithuanian economy within 4 years.
"We are moving steadily towards the establishment of a fully-fledged national development bank and in order to adopt best practices in the governance of national development banks, representatives of international financial institutions – the European Stability Mechanism (ESM), the Nordic Investment Bank (NIB) and the European Investment Fund (EIF) – are involved in the governance of ILTE. The State must have a strong financial instrument, and we plan that ILTE will complement the market, will operate where there is insufficient financing or risk, the return ratio is too weak, will use public capital as a catalyst, attracting private capital, will strengthen the financial market in the long term", Minister of Finance K. Vaitiekūnassays.
According to him, the role of ILTE is becoming increasingly important in the context of global economic fluctuations, when the state's ability to act in mitigating fluctuations in economic cycles is one of the main factors of competitiveness.
Defence, security and energy independence, competitive and innovative business, and social and strategic infrastructure are also identified as the main strands of investment.
ILTE, acting as a strategic partner of the state, increases access to finance for business, agriculture and the public sector, promotes innovation, green initiatives and economic resilience.
It is planned that already in 2027 ILTE will be able to independently issue bonds on international markets after receiving the ratings of international credit rating agencies.
Last year, ILTE's assets increased by 24% compared to 2024 (+EUR 59.5 million) and amounted to EUR 312.0 million. The increase was driven by a consistent increase in the authorised capital and the expansion of financing activities. Equity increased by almost a third (+EUR 58.5 million) to EUR 273.4 million, mainly due to an increase in the authorised capital by EUR 50 million.
Last year, ILTE's operating income increased by 24% compared to 2024 (+EUR 8.8 million) and amounted to EUR 45.2 million. Net profit earned was EUR 14.3 million, or EUR 6.6 million (86.3%) more than in 2024 (EUR 7.7 million). All profits will be diverted to the increase of ILTE reserves. The total amount of accumulated reserves will reach EUR 20 million and will amount to almost 8% of ILTE's authorized capital.
The shareholder of ILTE is the State of Lithuania, which owns 100% of the shares of the company, and the rights and obligations of the shareholder are implemented by the Ministry of Finance.
Last updated: 09-04-2026
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