Name of code
Lithuanian Bank Association Code of Ethics
Originator of code
Lithuanian Bank Association
Country
Lithuania
Original language
Lithuanian
Year of creation
N/A
Type of code
Public institutions
Main frame of accountability
Professional
Transparency
Public
Legal and regulatory context
Mandatory
Implementation and enforcement
Voluntary
Diversity
No
AI/automation
No
The Code of Ethics for Lithuanian banks establishes a moral and operational guide, focusing on sustainable banking’s role in societal and economic growth. It seeks to balance the interests of stakeholders—customers, employees, management, shareholders, and society—through responsibility, transparency, and professionalism. The goal is to cultivate a financially savvy, technologically forward society, with banks as key drivers of progress and welfare. The Code details obligations towards societal contributions, client relations, transparency, and professional integrity, promoting economic growth, legislative engagement, financial education, exemplary client service, anti-corruption measures, and competitive fairness. Adherence to this Code is essential for Lithuanian Banking Association members, ensuring ethical practices, regulatory compliance, and the advancement of beneficial banking standards.
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