2013-02-25 09:00

Collapse of Ūkio Bankas brought down public trust in banks

The collapse of Ūkio Bankas had a similar effect upon public trust in banks as the earlier failure of Snoras bank, sociologist Vladas Gaidys has said in comment of the latest public opinion polls.
Ūkio bankas
Ūkio bankas / BFL/Vyginto Skaraičio nuotr.

"Currently, 22 percent of respondents trust banks and 51 percent mistrust them. The level is very similar to that after the Snoras collapse," Gaidys, director of Vilmorus public opinion and market research center, told BNS on Saturday.

In his words, the population lost its trust in banks after Snoras' bankruptcy in November 2011, and the trust never recovered.

"Banks, the Seimas and political parties are currently the institutions enjoying the lowest public trust," Gaidys said.

According to the poll carried out on February 7-17 and published in Lietuvos Rytas daily on Saturday, fire-and-rescue services remain the most trusted institution in Lithuania – it is trusted by 89.3 percent of respondents, followed by the Church (51 percent). More than half of those polled also trusted the Armed Forces and the presidential institution.

Meanwhile, the Seimas is trusted by merely 8.7 percent of those polled and parties enjoy trust of 4.2 percent. They are mistrusted by 55.3 percent and 66.5 percent, respectively.

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