List of banks in Lithuania

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This list of banks in Lithuania is based on information from Central Bank of Lithuania, responsible for financial supervision in Lithuania. [1]

Contents

According to Bank of Lithuania, three banks held 68% of Lithuania's banking market in 2023. The three banks were – Swedbank, SEB Group and Luminor, all three with Scandianvian roots. [2]

The largest banks and financial institutions in Lithuania, Latvia and Estonia are largely the same and mostly dominated by Swedish companies. [3] [4] [5]

Central bank

Commercial banks

In 2023, twelve commercial banks holding a license from the Bank of Lithuania are operating in the country: [6]

1 Institutions that only hold a specialised bank licence.

Additionally, Saldo Finance was granted a specialised bank licence in autumn of 2021, but is not providing banking services at the moment.

Foreign banks' branches

Currently, the following foreign bank branches are operating in the country:

Additionally, the following branches are registered to operate in the country:

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Baltic operations in 2019. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">SEB Group</span> Swedish financial group for corporate customers

Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisationand total assets.

Hansa Group or Hansabank Group was a banking group operating in Estonia, Latvia, and Lithuania owned by the FöreningsSparbanken/Swedbank, a Swedish bank. Following a decision taken by the Swedbank group on 15 September 2008, the name Hansapank/Hansabanka/Hansabankas or Hansabank internationally was discontinued end of 2008 with all operations rebranded under the Swedbank name. The legal name of the bank changed in spring 2009.

<span class="mw-page-title-main">Swedbank</span> Swedish banking group

Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. Swedbank has a leading presence in Estonia and has a strong presence in Latvia and Lithuania.

<span class="mw-page-title-main">SEB Pank</span> Company based in Estonia

SEB Pank is an Estonian bank, owned by the Swedish bank SEB. SEB is the second largest bank in Estonia and is a member of the international SEB Group. Until 11 April 2005 the name of the bank was Eesti Ühispank, which was originally founded in 1992 from a merger of 10 smaller banks. On 7 March 2008, the bank changed its name to SEB Pank.

<span class="mw-page-title-main">SEB banka</span> Latvian subsidiary of Skandinaviska Enskilda Banken

SEB banka is one of the largest banks in Latvia and a part of the Swedish SEB Group. Nowadays, its main rivals in the Latvian banking market are Swedbank, Luminor and Citadele bank.

<span class="mw-page-title-main">SEB bankas</span>

AB SEB Bankas is a commercial bank in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish banks, the SEB Group.

The Big Four is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or fewer institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six.

<span class="mw-page-title-main">Vilniaus prekyba</span>

Vilniaus prekyba is the largest Lithuanian group of private companies operating since 1992, with 47,000 employees in six countries.

<span class="mw-page-title-main">Ignitis</span>

Ignitis Group is a state-controlled energy holding company located in Vilnius, Lithuania. Its subsidiaries are involved in power and heat generation and distribution, natural gas trade and distribution, and supporting services.

<span class="mw-page-title-main">Citadele Banka</span> Bank based in Riga, Latvia

AS Citadele banka is a Latvian bank and financial and asset manager. The principal market of operation for the Citadele Group is the Baltic States.

Danske Bank Lithuania is a Lithuanian bank and a subsidiary of Danish Danske Bank. Danske Bank Group is one of the largest financial service groups in Northern Europe and the Baltic States. The bank operated under the brand name Danske Bankas, UAB Danske Capital Investicijų Valdymas and UAB Danske Lizingas.

Revolut is a global neobank and financial technology company that offers banking services. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", stock trading, crypto, commodities, and other services.

<span class="mw-page-title-main">Luminor Bank</span> Company based in Estonia

Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania. It is the third-largest bank in the Baltics and in Estonia. Luminor has a deposit market share of 16% and lending market share of 22%.

Banking in Estonia covers banking in Estonia. Banking started with the establishment of the central bank, the Bank of Estonia in 1919. It lost control during the Soviet period when banking was controlled from Moscow by Soviet powers. It was reestablished in 1990. As of 2022 it consists of the central bank and a number of commercial banks providing banking and financial services. Many of the commercial banks operating in Estonia are foreign banks primely from Scandinavia.

Smart-ID is an electronic authentication tool developed by SK ID Solutions, an Estonian company. Users can log in to various electronic services and sign documents with an electronic signature.

<span class="mw-page-title-main">Vilnius Central Business District</span> Central business district of Vilnius, Lithuania

The Central Business District is a rapidly developing business district in Šnipiškės eldership of Vilnius, Lithuania. It is Lithuania's most important business district and the largest of its kind in the Baltic States.

References

  1. Banks in Lithuania
  2. "Didžiausi bankai Lietuvoje". tv3.lt (in Lithuanian). 2023-07-28. Retrieved 2024-01-05.
  3. "Swedes poised to become Baltic banking leaders". baltictimes.com. 1998-11-26. Retrieved 2024-01-05.
  4. "Banks pile in to join Baltic boom". The Banker. 2005-07-03. Retrieved 2024-01-05.
  5. Hanson, Maivi (2007-04-17). "Overview of Baltic Banking Market". The Global Treasurer. Retrieved 2024-01-05.
  6. "Financial market participants". Bank of Lithuania . Retrieved 25 September 2022.
  7. "About Swedbank Baltics". Swedbank. Retrieved 5 June 2023.
  8. "Revolut chose Lithuania as its home jurisdiction for its electronic money institution and the bank". Walless. 13 December 2018. Retrieved 5 June 2023.
  9. Savickas, Edgaras (4 May 2020). ""Revolut" bankas pradeda veiklą Lietuvoje: 300 tūkst. vartotojų gali rinktis apdraustas sąskaitas". Delfi (in Lithuanian). Retrieved 5 June 2023.
  10. "Estonian businessmen launch new bank in Lithuania, opens in Estonia soon". ERR. 16 November 2022. Retrieved 5 June 2023.