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

• Bank of Lithuania

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:

• Luminor Bank
• OP Corporate Bank
• Citadele Banka
• Bigbank
• Inbank

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

• Svenska Handelsbanken AB - undergoing liquidation

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.