To ensure the protection of deposits and liabilities to investors in the event of the insolvency of financial institutions, thereby contributing to the stability of the financial market and strengthening public confidence in financial institutions.<\/p>\n
To be the institution that provides the most attractive deposit and investor compensation insurance system for financial institutions in the Baltic States.<\/p>\n
Openness<\/strong> \u2013 fostering an attractive, modern, and innovative working environment while maintaining smooth and close cooperation within the broader ecosystem of deposit guarantee and investor compensation schemes.<\/p>\n Result Orientation<\/strong> \u2013 striving to achieve better results within shorter timeframes.<\/p>\n Effectiveness<\/strong> \u2013 conducting transparent and socially responsible activities that have a positive impact on the stability and reliability of the financial sector.<\/p>\n The Institution was established in 1996 and is a public legal entity with limited civil liability.<\/p>\n The Lithuanian deposit guarantee and investor compensation system is fully aligned with European Union legislation and complies with the fundamental principles governing deposit guarantee schemes within the European Union.<\/p>\n The rights and obligations of the owner of the Institution are exercised by the Ministry of Finance of the Republic of Lithuania<\/span><\/span>.<\/p>\n Chairperson:<\/strong> Deputy Chairperson:<\/strong> Members of the Supervisory Board:<\/strong><\/p>\n The sole management body of the Institution is its Director, Aurelija Ma\u017eintien\u0117<\/span><\/span>.<\/p>\n In accordance with the provisions of the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania (the Law<\/em>), the Institution provides insurance coverage for deposits held by depositors of banks and credit unions (collectively, credit institutions<\/em>), as well as for liabilities to investors assumed by banks, financial brokerage firms (FMIs<\/em>), and management companies authorized to provide investment services. The Institution has been providing insurance for liabilities to investors since mid-2002.<\/p>\n The Institution insures deposits in all currencies and covers obligations to return financial instruments and\/or cash to investors, regardless of currency. The insured objects and exclusions from insurance coverage are established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.<\/p>\n In accordance with the Law, the annual contributions payable by participants of the Deposit Insurance Fund are determined once per year. The total annual contribution amount is established by the Minister of Finance and is based on the volume of covered deposits held by participating institutions and their respective risk coefficients. Contributions are allocated proportionally among participants and paid on a monthly basis.<\/p>\n Participants in the Investor Compensation Fund, including credit institutions providing investment services, financial brokerage firms, and management companies, pay contributions once per year. The amount of the contribution depends on the nature of the services provided. Annual fixed contributions range from EUR 868 to EUR 2,896. In certain cases, additional contributions are payable and are calculated based on the total value of client orders executed during the preceding calendar year.<\/p>\n Participants in the Resolution Fund pay annual contributions as determined by the Single Resolution Board<\/span><\/span>.<\/p>\n The Institution\u2019s own capital is invested in accordance with the Procedure for the Investment of the Institution\u2019s Own Capital Funds, approved by Order No. 1K-257 of the Minister of Finance of the Republic of Lithuania of 23 June 2016 (as amended).<\/p>\n The assets of the Deposit Insurance Fund and the Investor Compensation Fund are invested in accordance with the Investment Rules for the Deposit Insurance Fund and the Investor Compensation Fund, approved by Resolution No. 02-5-2.1 of the Institution\u2019s Board of 4 April 2016 (as amended).<\/p>\n The assets of the Resolution Fund are invested in accordance with the Investment Rules of the Resolution Fund, approved by Resolution No. 03-217 of the Board of the Bank of Lithuania<\/span><\/span> of 31 December 2015 (as amended).<\/p>\n In line with a conservative investment strategy, the Institution\u2019s investment portfolio is concentrated primarily in sovereign debt securities issued by central governments.<\/p>\n Upon the occurrence of an insured event under the deposit insurance scheme or the investor compensation scheme, the Institution pays compensation to eligible depositors or investors in accordance with the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.<\/p>\n Following the payment of compensation, the Institution acquires, to the extent of the compensation paid, a creditor\u2019s claim against the failed credit institution, financial brokerage firm, or management company.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n About Us Mission To ensure the protection of deposits and liabilities to investors in the event of the insolvency of financial institutions, thereby contributing to the stability of the financial market and strengthening public confidence in financial institutions. Vision To be the institution that provides the most attractive deposit and investor compensation insurance system for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":963,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-988","page","type-page","status-publish","hentry"],"yoast_head":"\nStrategic Objectives<\/h3>\n
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More about the Company:<\/h3>\n
Governance of the Company:<\/h3>\n
Supervisory Board<\/h3>\n
Vilma Ma\u010derauskien\u0117<\/span><\/span>, Director of the Financial Markets Policy Department, Ministry of Finance of the Republic of Lithuania.<\/p>\n
Lina Frejut\u0117<\/span><\/span>, Head of the Accounting Information Systems Strategy Management Group, Ministry of Finance of the Republic of Lithuania.<\/p>\n\n
Management<\/h3>\n
Company insures:<\/h3>\n
Funds Administered by the Institution<\/h3>\n
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Insurance Contributions<\/h3>\n
Investment Policy<\/h3>\n
Insurance Payouts<\/h3>\n