Created by Anna Mileiko 
Medicinos Bankas was founded in 1992. Medicinos Bankas provides retail and businss banking products and services to private persons and business customers with the focus micro-, small- and medium-sized companies. Medicinos Bankas builds relationships with its customers based on mutual respect and tolerance.
In 2023, UAB Urbo bankas achieved the position of 5th largest bank in Lithuania with a market share of 1.08%; its total assets grew by 33.18%.
Additionally, the bank became the 5th profitable bank in relation to its total assets showcasing 1.72% return on assets and 15.72% return on equity in 2023.
Also the lender held the 8th position regarging its loans-to-deposits (L/D) registering 67.89% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Lithuanian deposit guarantee scheme in UAB Urbo bankas.
Lithuania
internationally
Germany
branch
online banking
mobile app
UAB Urbo bankas ranks as the 5th largest bank in Lithuania by total assets. In 2023 its total assets were 548.07 mln EUR, representing a 1.08% market share. In 2023 the bank's net income was 8.24 mln EUR.
UAB Urbo bankas protects deposits up to up to 100,000 EUR per depositor through Lithuania's deposit guarantee scheme. The scheme applies to all deposit accounts made by natural persons, legal entities. The bank participates in the Deposit and Investment Insurance, making regular contributions into it.
Konstitucijos pr. 18B, 01114, Vilniaus m. sav. Vilnius, Lithuania
(8 5) 264 4800
(8 5) 264 4801UAB Urbo bankas is headquartered in Vilniaus M. Sav. Vilnius.
UAB Urbo bankas has profiles at the following social networks:
LithuaniainternationallyGermanyUAB Urbo bankas provides products and services in the areas of retail banking, business banking. UAB Urbo bankas offers a range of products including current accounts, savings accounts, time deposit accounts (0.00 - 3.55 %), safe deposit boxes, trade financing. UAB Urbo bankas makes its solutions available to natural persons, legal entities.
branch online banking mobile appProducts and services offered by UAB Urbo bankas are available at its branches and via its online banking system, mobile application.
EnglishTime deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
UAB Urbo bankas offers the following time deposit accounts.
Updated on 6 December 2024
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with UAB Urbo bankas are covered bydeposit guarantee scheme of Lithuaniaup to 100,000 EUR per depositor.
Withholding Tax. Interest gained on time deposit accounts by non-residents of Lithuaniais taxed at 0.00% rate. When the interest is paid, this tax is automatically withhold by UAB Urbo bankas from the time deposit account. Interest income gained on time deposit accounts by residents of Lithuaniais not taxed.
In 2023 total assets of UAB Urbo bankas were 548.07 mln EUR. Growth compared to the previous period (2022) was 33.18%. The evolution of the total assets of UAB Urbo bankas is shown at Chart 1 below.
Chart 1. Total Assets of UAB Urbo bankas.
Recent changes in total assets of UAB Urbo bankas and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 21.1 | 19.4 | -8.41% |
| Loans | 254.8 | 317.4 | +24.58% |
| Bonds and other fixed-income securities | 59.2 | 56.0 | -5.52% |
| Total Assets | 411.5 | 548.1 | +33.18% |
Table 1. Recent changes in total assets of UAB Urbo bankas (mln EUR).
Recent changes in total liabilities of UAB Urbo bankas and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 342.3 | 467.5 | +36.59% |
| Total Liabilities | 411.5 | 548.1 | +33.18% |
Table 2. Recent changes in total liabilities of UAB Urbo bankas (mln EUR).
In 2023 net income of UAB Urbo bankas was 8.24 mln EUR. Growth compared to the previous period (2022) was 57.57%. The evolution of the net income of UAB Urbo bankas is shown at Chart 2 below.
Chart 2. Net Income of UAB Urbo bankas.
In 2023 UAB Urbo bankas was ranked the 5th largest bank in Lithuaniain terms of total assets, having 1.08% of the domestic market share. UAB Urbo bankas also became # 5 in terms of loans (market share - 1.57%), # 5 in terms of deposits (market share - 1.11%).
Chart 3. Market share of UAB Urbo bankas (among banks in Lithuania)
Historical changes in UAB Urbo bankas's domestic rank and market share over 2018-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 5 | 1.08 % |
| 2022 | 5 | 0.91 % |
| 2021 | 5 | 1.22 % |
| 2020 | 4 | 1.39 % |
| 2018 | 6 | 1.21 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to UAB Urbo bankas listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 4 |  | 9.14% | 4,623.11 mln EUR (+11.63%) |
| 5 | | 1.08% | 548.07 mln EUR (+33.18%) |
| 6 |  | 0.49% | 246.45 mln EUR (+22.28%) |
Discover key identifiers of UAB Urbo bankas including its BIC, LEI, sort code, MFI ID.
BIC: MDBALT22XXX
The BIC (also known as SWIFT code) for UAB Urbo bankas is MDBALT22XXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | MDBALT22XXX |
| Bank BIC Code | MDBA |
| Country Code | LT (Lithuania) |
| Location Code | 22 |
| Branch Code | XXX |
LEI: 529900F2SC8ANS0A2T76
UAB Urbo bankas’s LEI is 529900F2SC8ANS0A2T76. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900F2SC8ANS0A2T76 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | F2SC8ANS0A2T |
| Verification ID | 76 |
Bank Sort Code: 72300
The Bank Sort Code for UAB Urbo bankas is 72300. This unique code identifies the bank within Lithuania and is essential for domestic payment transactions.
| Key | Value |
|---|---|
| Bank Sort Code | 72300 |
In Lithuania bank sort codes are assigned bythe Lietuvos Bankas (Bank of Lithuania) and consist of 5 digits.
MFI ID: LT112027077
UAB Urbo bankas’s MFI ID, LT112027077, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Lithuania (LT), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | LT112027077 |
| Country Code | LT |
| MFI Code | 112027077 |
TheBanks.eu identified several banks similar to UAB Urbo bankas based on various criteria, including:
