Top Banks in Lithuania

Overview of Lithuania's leading financial institutions

Overview of Banks in Lithuania

The Bank of Lithuania acts as the central monetary authority in the country. The Lithuanian central bank sits as a non-Eurozone member of the European System of Central Banks. It oversees financial institutions and banks in Lithuania, formulates and implements monetary policy, maintains price stability, and issues the national currency.

Currently, 85 credit institutions operate in Lithuania, comprising six banks in Lithuania, seven branches of foreign banks, and 71 credit unions. Based on the Global Competitiveness Report 2017-2018 of the World Economic Forum, banks in Lithuania obtained a score of 4.8 in the soundness category, ranking 72nd on the WEF’s list.


Banks in Lithuania


In 2017, Moody’s Investors Service raised its outlook on Baltic banks to positive from stable. The bank’s asset quality is expected to improve in the near term “… as higher employment levels and higher real wages will continue to support recoveries in legacy loans,” according to the rating agency.

For anyone considering a banking career in Lithuania, this list of top banks in Lithuania is a helpful guide on where to start. To learn more, see our list of financial institutions.


The Top Banks in Lithuania Include:


Swedbank Lithuania

Swedbank Lithuania is one of the leading banks in Lithuania. It offers a full range of financial products and services, with a focus on retail customers and SMEs. The universal bank is a subsidiary of Sweden-based Swedbank AG.

Revenue: 207.84 million euros (2017)

Net income: 101.66 million euros (2017)

Total assets: 7.81 billion euros (2017)


Luminor AB

Luminor AB was created in 2017 after Nordea Bank and DNB Bank merged their Baltic businesses into the jointly owned bank. The bank offers a full range of financial products and services to all client groups, with a special focus on SMEs and high net worth individuals. Headquartered in Vilnius, it employs 1,294 staff and manages 45 branches.

Revenue: 84.89 million euros (2017)

Net income (loss): (13.01 million euros) (2017)

Total assets: 6.87 billion euros (2017)


SEB Banka

Founded in 1856, SEB Banka operates as a subsidiary of Swedish financial conglomerate SEB Group. The bank caters to individuals, business entities, corporations, and institutions, providing retail, private, and corporate banking services. Based in Vilnius, it employs 1,588 individuals and oversees a network of three branches (comprising 34 customer service units), 528 ATMs, and 1,200 POS terminals.

Revenue: 119.64 million euros (2017)

Net income: 93.67 million euros (2017)

Total assets: 7.72 billion euros (2017)


AB Siauliu Banka

Established in 1992, AB Siauliu Banka provides corporate and private banking products and services to companies and individuals across Lithuania. The bank’s primary activities involve lending to SMEs under a risk-sharing credit facility. Headquartered in Siauliai, it employs 809 staff and operates 43 branches throughout the country, making it one of the largest banks in Lithuania in terms of branches.

Revenue: 58.13 million euros (2017)

Net income: 30.89 million euros (2017)

Total assets: 1.99 billion euros (2017)


Citadele Bankas AB

Founded in 1996, Citadele Bankas AB operates as a subsidiary of Latvia-based Citadele Banka. It offers banking, financial, and capital management services to individual and corporate customers in the country. Formerly known as Parex Bankas AB, the bank adopted its current name in 2010. Based in Vilnius, it manages six branches and three customer service units across the country.

Revenue: 14.64 million euros (2017)

Net income: 2.68 million euros (2017)

Total assets: 541.92 million euros (2017)


UAB Medicinos Banka

Incorporated in 1992, UAB Medicinos Banka caters to individual and business customers in Lithuania, with a special focus on micro-, and small- and medium-sized enterprises. Headquartered in Vilnius, the bank oversees a network of seven branches, six exchange offices, and 58 customer service divisions and subdivisions across the country.

Revenue: 8.16 million euros (2017)

Net income: 1.65 million euros (2017)

Total assets: 286.17 million euros (2017)


Careers in Investment Banking

To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career mapinvestment banking careers For banking careers, you will have a significant edge over the competition with our financial modeling courses.


Additional Resources

This has been a guide to the top banks in Lithuania. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

  • Top banks in Sweden
  • Top 100 investment banks
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

Financial Analyst Certification

Become a certified Financial Modeling and Valuation Analyst (FMVA)® by completing CFI’s online financial modeling classes and training program!