Summary
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 edit
Commercial banks edit
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 edit
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 edit
- ^ 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.