bank

The Bank of Lithuania said in a statement Monday that credit institutions providing the basic payment account service to residents are required to provide information about the service on their websites and mobile apps in a clear and comprehensible manner. The said information includes the compositi...

In the first quarter of 2024, banks earned net profits similar to those during the same period of 2023, and lending to both households and businesses continued to grow. The banking sector remains well equipped to face challenges, but the quality of loans has deteriorated somewhat, the central bank s...

Minister of Finance Gintarė Skaistė thinks that the Bank of Taiwan, which intends to open a branch in Lithuania, will focus on business clients.

On Tuesday, the Seimas of Lithuania approved the proposal to extend the temporary bank solidarity contribution for one year. The fee on extra banking profits is hoped to generate EUR 60 million for defence needs.

A state bank could be set up in the country to improve competition in the sector, says MP Rasa Budbergytė, chair of the Lithuanian Social Democratic Party (LSDP) group in the Seimas.

Fixed-term deposits in banks grew significantly and their interest rates went up last year, while mortgage interest margins fell, the Bank of Lithuania said Thursday.

Medicinos bankas will change its name becoming Urbo bankas on 1 February. The decision was made at an extraordinary general meeting of shareholders on 29 January.

The SEB bank said Thursday it earned a pre-audited net profit of 299.1 million in 2023, an increase of 73.6% from a year before.

SEB Lithuania has published its latest economic projections on Tuesday. The bank upheld its previous forecast of 1.5% gross domestic product (GDP) growth for Lithuania in 2024 and 2.8% for 2025. Earlier projections were originally issued in November 2023.

At the World Economic Forum in Davos, President Gitanas Nausėda met with Christian Sewing, CEO of Germany’s Deutsche Bank, one of the world’s largest financial institutions, the president’s office reports.

Medicinos bankas plans to change its name in the first quarter of 2024, to expand the range of financial services to residents and to increase business client financing portfolio.

PayRay, a Lithuanian financial sector company, has started a new page of its business service activities. It has now begun operating as a bank and will soon start collecting deposits, as well as further focusing on developing capital financing solutions for businesses, the company announced in a pre...

Estonian-registered commercial bank Inbank has received the green light to open a bank branch and provide financial services in Lithuania, the country's central bank said on Monday.

The US private equity giant Blackstone Group has finalized its 1-billion-euro acquisition of a 60 percent stake in the Baltic bank Luminor.

Lithuania's Siauliu Bankas' recent announcement about possible strategic changes and the decision to hire consultants to help to look for activity alternatives shows that the bank's board is serious about changes, market participants believe.

A new specialized bank “European Merchant Bank” will start its operations in Lithuania starting this autumn. The bank plans to start with providing its services for business and in 2020 it will start working with personal customers.