The financial self-aid system inaugurated after the war with the aid of the American Jewish Joint Distribution Committee to help the Jewish population in Lithuania has emerged from its difficulties, according to the report submitted at the annual meeting of the Jewish Central Bank here.
The Central Bank controls 86 cooperative People’s Banks in Lithuania. After the slump of the past year, affairs in the banks have again been consolidated and their turnover amounted to a quarter of a milliard Lit during the year. The banks’ capital has increased considerably.
The report submitted by Dr. Krever has renewed the confidence of the Jewish population in these institutions which are the main business instrument for large groups.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
