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. Last Updated: 07/27/2016

Baltic Bank Recovers

VILNIUS, Lithuania () -- Lithuania's central bank said Friday that a troubled bank shut late last year, sparking a banking crisis, could be allowed to resume operations in June.

"The board of the Bank of Lithuania ruled on Thursday that Litimpex Bank will be allowed to conduct all banking operations from June 10 if it meets all of the capital and liquidity requirements set by the central bank," a spokeswoman for the central bank told Reuters.