Major industries - metal - cutting machine tools, electric motors, television sets, refrigerators and freezers, petroleum refining, shipbuilding (small ships), furniture making, textiles, food processing, fertilizers, agricultural machinery, optical equipment, electronic components, computers, amber jewellery.
Banks (2010) - 22 banks; 729 branches; 9,947 employees; assets – EUR 23,66 billion; loans – EUR 16,90 billion; deposits – EUR 13,16 billion.
Banking regulations - The Bank of Lithuania is responsible for supervision of banks. Within the range of its competence, the Bank of Lithuania seeks to ensure the security, soundness, transparency and competitiveness of the domestic system of financial services. The Bank of Lithuania issues licenses to financial market participants for the provision of financial services and supervises their activities. As a supervisory authority, the Bank of Lithuania monitors the compliance of financial market participants with laws and requirements set out in the legal acts of the Bank of Lithuania, International Financial Reporting Standards, requirements recommended by international organisations for safe and sound activities. The regulatory environment in the banking sector is set out in two major laws: the Law on Banks of Lithuania and the Law on Financial Institutions. The law is harmonised with relevant EU directives. The minimal capital requirement for establishing a bank is EUR 5 million.