Flag of Lithuania>

Economy and Banking Sector of Lithuania

Major Banks of Lithuania

#1: AB „Swedbank“

AS Swedbank is a universal bank offering retail, private and corporate banking products and services to both private individuals and companies with the focus on private individuals and SMEs.

Business Focus
universal banking

In 2018 total assets of AB „Swedbank“ were 7 859,54 mln EUR. In 2018 the bank's net income was 103,55 mln EUR.

AB „Swedbank“ participates in deposit guarantee scheme of Lithuania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: AB SEB bankas

SEB Banka provides a broad range of retail, private and corporate banking products and services to natural persons, business entities, corporations and institutions.

Business Focus
universal banking

In 2018 total assets of AB SEB bankas were 9 330,85 mln EUR. In 2018 the bank's net income was 105,95 mln EUR.

AB SEB bankas participates in deposit guarantee scheme of Lithuania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: Luminor Bank AB

AB DNB Bankas was a universal bank providing a wide range of retail, private, corporate and investment banking products and services to individuals, business entities and municipalities. AB DNB Bankas also mediated for asset management, lease and insurance provides real estate brokerage services. In 2017 AB DNB Bankas was superseded by Luminor Bank AB, a joint venture of DNB and Nordea. Luminor Bank provides banking products and services to all customer groups with a special focus on small and medium-sized companies, as well as affluent private clients.

Business Focus
retail and corporate banking

In 2018 total assets of Luminor Bank AB were 6 792,49 mln EUR. In 2018 the bank's net income was 45,52 mln EUR.

Luminor Bank AB participates in deposit guarantee scheme of Lithuania. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also