New ILTE Supervisory Model developed on the basis of international experience – bank standards adapted to the national development bank

Today, representatives of the Bank of Lithuania, the Ministry of Finance, ILTE, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) discussed the new Supervisory Model developed by the Ministry of Finance and the Bank of Lithuania, which is proposed to be applied to the National Development Bank ILTE.

The new Supervisory Model is based on the highest banking standards in the European Union: it strengthens risk supervision, internal control, transparency, digital security and clearly defines the responsibilities of the institutions. The model also draws on the insights and recommendations of EIB and EBRD experts.

“The activities of the National Development Bank must be based on clear, modern, internationally recognised supervisory standards that strengthen the principles of responsibility and transparency, ensure sound risk management and provide a sound basis for the further development of ILTE. I would like to thank the international partners EIB and EBRD experts, the Bank of Lithuania and ILTE for their professional work in developing this model", Minister of Finance Kristupas Vaitiekūnas said.

Although ILTE is not a commercial bank, its activities will be subject to banking prudential standards in the form of capital, risk management, governance and control requirements, which will be proportionate and adapted to the specificities of the national development bank’s activities, ensuring proper risk management while maintaining operational flexibility. The new supervisory framework aims to ensure that the National Development Bank operates in a stable, transparent and efficient manner, while contributing to sustainable economic development and the implementation of public investment.

In the near future, the Ministry of Finance will submit a draft law on the National Development Bank for coordination, which will provide the principles for the functioning of the new Supervisory Model.
 

Last updated: 20-03-2026

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