This list of banks in Lithuania is based on information from Central Bank of Lithuania, responsible for financial supervision in Lithuania. [1]
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]
- AB Swedbank (subsidiary of the Swedish bank) [7]
- AB SEB bankas (subsidiary of SEB, Sweden)
- UAB Revolut Bank (subsidiary of the British bank) [8] [9]
- AB Šiaulių bankas (Lithuanian)
- UAB Medicinos bankas (Lithuanian)
- UAB PayRay Bank (Lithuanian)
- AB Mano bankas1 (Lithuanian)
- UAB GF bankas1 (subsidiary of Marginalen Bank, Sweden)
- European Merchant Bank1 (Lithuanian)
- UAB SME Bank1 (Lithuanian)
- UAB Finora Bank1 (subsidiary of the Estonian bank) [10]
- AB Fjord Bank1 (Lithuanian)
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:
- Svenska Handelsbanken AB - undergoing liquidation
References
- ^ Banks in Lithuania
- ^ "Didžiausi bankai Lietuvoje". tv3.lt (in Lithuanian). 2023-07-28. Retrieved 2024-01-05.
- ^ "Swedes poised to become Baltic banking leaders". baltictimes.com. 1998-11-26. Retrieved 2024-01-05.
- ^ "Banks pile in to join Baltic boom". The Banker. 2005-07-03. Retrieved 2024-01-05.
- ^ Hanson, Maivi (2007-04-17). "Overview of Baltic Banking Market". The Global Treasurer. Retrieved 2024-01-05.
- ^ "Financial market participants". Bank of Lithuania. Retrieved 25 September 2022.
- ^ "About Swedbank Baltics". Swedbank. Retrieved 5 June 2023.
- ^ "Revolut chose Lithuania as its home jurisdiction for its electronic money institution and the bank". Walless. 13 December 2018. Retrieved 5 June 2023.
- ^ Savickas, Edgaras (4 May 2020). ""Revolut" bankas pradeda veiklą Lietuvoje: 300 tūkst. vartotojų gali rinktis apdraustas sąskaitas". Delfi (in Lithuanian). Retrieved 5 June 2023.
- ^ "Estonian businessmen launch new bank in Lithuania, opens in Estonia soon". ERR. 16 November 2022. Retrieved 5 June 2023.
This list of banks in Lithuania is based on information from Central Bank of Lithuania, responsible for financial supervision in Lithuania. [1]
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]
- AB Swedbank (subsidiary of the Swedish bank) [7]
- AB SEB bankas (subsidiary of SEB, Sweden)
- UAB Revolut Bank (subsidiary of the British bank) [8] [9]
- AB Šiaulių bankas (Lithuanian)
- UAB Medicinos bankas (Lithuanian)
- UAB PayRay Bank (Lithuanian)
- AB Mano bankas1 (Lithuanian)
- UAB GF bankas1 (subsidiary of Marginalen Bank, Sweden)
- European Merchant Bank1 (Lithuanian)
- UAB SME Bank1 (Lithuanian)
- UAB Finora Bank1 (subsidiary of the Estonian bank) [10]
- AB Fjord Bank1 (Lithuanian)
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:
- Svenska Handelsbanken AB - undergoing liquidation
References
- ^ Banks in Lithuania
- ^ "Didžiausi bankai Lietuvoje". tv3.lt (in Lithuanian). 2023-07-28. Retrieved 2024-01-05.
- ^ "Swedes poised to become Baltic banking leaders". baltictimes.com. 1998-11-26. Retrieved 2024-01-05.
- ^ "Banks pile in to join Baltic boom". The Banker. 2005-07-03. Retrieved 2024-01-05.
- ^ Hanson, Maivi (2007-04-17). "Overview of Baltic Banking Market". The Global Treasurer. Retrieved 2024-01-05.
- ^ "Financial market participants". Bank of Lithuania. Retrieved 25 September 2022.
- ^ "About Swedbank Baltics". Swedbank. Retrieved 5 June 2023.
- ^ "Revolut chose Lithuania as its home jurisdiction for its electronic money institution and the bank". Walless. 13 December 2018. Retrieved 5 June 2023.
- ^ Savickas, Edgaras (4 May 2020). ""Revolut" bankas pradeda veiklą Lietuvoje: 300 tūkst. vartotojų gali rinktis apdraustas sąskaitas". Delfi (in Lithuanian). Retrieved 5 June 2023.
- ^ "Estonian businessmen launch new bank in Lithuania, opens in Estonia soon". ERR. 16 November 2022. Retrieved 5 June 2023.