European Foundation
for the Improvement of
Living and Working Conditions

The tripartite EU agency providing knowledge to assist
in the development of better social, employment and
work-related policies

COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case LT-2020-17/1267 – measures in Lithuania

Temporary moratorium on credit obligations for legal and natural persons

Laikinas kredito įsipareigojimų moratoriumas juridiniams ir fiziniams asmenims

Country Lithuania , applies nationwide
Time period Temporary, 20 April 2020 – 30 September 2020
Type Bipartite collective agreements
Category Supporting businesses to stay afloat
– Deferral of payments or liabilities
Author Inga Blaziene (Lithuanian Social Research Centre) and Eurofound
Case created 08 October 2020 (updated 09 October 2020)

Background information

Contributing to the relief efforts to help people and companies affected by COVID-19, members of the Association of Lithuanian Banks (ALB), on 17 April 2020, signed the credit deferral moratorium for private obligors and on 23 April 2020 – for legal entities. The moratorium entered into force on 20 April 2020 for private persons and on 24 April 2020 for legal persons. The moratorium for private and legal persons was originally valid until 1 July 2020. This period was further extended by mutual agreement until 30 September 2020. The moratorium is based on the Guidelines No EBA/GL/2020/02 of the European Banking Authority. It was announced in connection with the COVID-19 pandemic and is intended to address the deterioration in the clients' financial conditions.

Content of measure

The moratorium is open to all participants of the Lithuanian credit market, which provide loans related to real estate, consumer loans, and leasing services to natural persons and legal entities. The moratorium provides that for financial liabilities of a legal entity and related legal entities (group of companies), including farmers' farms, in Lithuania, the amount of which is up to €5 million:

  • the proposed period of postponement of loan repayments and/or leasing value repayments under the request of the client is up to 6 months;
  • by agreement of the parties, the loan repayment term may be extended for a postponed loan repayment period.

What concerns private households, by signing moratorium, credit institutions undertook to provide opportunities to all private obligors to postpone repayment of mortgage loans for up to 12 months and repayment of consumer credits and private leasing – for up to 6 months. During the moratorium, the obligor pays the interests and/or other periodic fees indicated in the loan agreement. Legal entities and households willing to postpone loan repayment, must indicate the COVID-19 pandemic related cause for the deterioration of the financial situation.

Use of measure

According to the data provided by the ALB, almost 3,000 legal entities and 6,500 private obligors took credit holidays from mid-March 2020 until the end of September 2020. Total deferred liabilities amount to €1.3 billion. Legal entities account for the majority of credit deferrals (more than €1.0 billion) and the rest is housing and other loans granted to individuals and leasing agreements


  • Other topics

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Applies to all citizens

Actors and funding

Actors Funding
Social partners jointly
Company / Companies
Public support service providers
No special funding required

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Agreed (outcome) incl. social partner initiative
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Sectoral or branch level


No information available.

Views and reactions

No information available.


  • 17 April 2020: Temporary moratorium for private persons (Laikinas moratoriumas privatiems asmenims) (
  • 23 April 2020: Temporary moratorium for legal entities (Laikinas moratoriumas juridiniams asmenims) (


Eurofound (2020), Temporary moratorium on credit obligations for legal and natural persons, case LT-2020-17/1267 (measures in Lithuania), COVID-19 EU PolicyWatch, Dublin,

Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.