Lithuania has ambitions to invite a Taiwanese bank that could also operate across Europe, Paulius Lukauskas, head of the Lithuanian Trade Representative Office in Taiwan, has said.
“The demand for banking in Europe is likely to grow. This is an opportunity for us. Our fintech ecosystem, our regulator, the Bank of Lithuania, has proved that it can be a bit faster, a bit more flexible. And all the beauty of the banking sector is that if they get a license in Lithuania, they could really operate across Europe without any problems,” Lukauskas said in an interview with the LRT news portal on Friday.
“We can certainly say with confidence that we are now selling the concept to Europe and those banking services are simpler than semiconductor manufacturing,” he added.
According to Lukauskas, Taiwanese banks will be encouraged to follow the business by Taiwanese investments in Europe, including plans by Taiwanese chip giant TSMC to invest in a new semiconductor plant in Germany.
According to the head of the Lithuanian Trade Representative Office, there are also nine state-owned banks operating in Taiwan.
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