List of banks in Lithuania

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:

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.
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