Lithuania's Ministry of Finance published an update on the structural reforms underpinning the strengthening of the National Development Bank ILTE, reporting that governance and supervision changes implemented in 2025 and the recruitment of international experts are already delivering results. The ministry has set ILTE a mandate to mobilise and inject EUR 6 billion of investment into the Lithuanian economy within four years as Lithuania moves toward a fully-fledged national development bank. ILTE’s governance now involves representatives of the European Stability Mechanism, the Nordic Investment Bank and the European Investment Fund, with the stated role of complementing the market by operating where financing is insufficient or risk and returns are not attractive, and using public capital to catalyse private capital. Priority investment strands are identified as defence, security and energy independence, competitive and innovative business, and social and strategic infrastructure. In 2025, ILTE’s assets rose by 24% from 2024 to EUR 312.0 million and equity increased to EUR 273.4 million, mainly reflecting a EUR 50 million increase in authorised capital; operating income increased to EUR 45.2 million and net profit to EUR 14.3 million, with profits allocated to reserves expected to reach EUR 20 million, almost 8% of authorised capital. The ministry plans for ILTE to be able to issue bonds independently on international markets in 2027 after obtaining ratings from international credit rating agencies.

Original source View in tracker