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[1] According to Bank of Lithuania, five banks held over 90% of Lithuania's banking market in 2024. These are – Swedbank, Revolut, SEB bankas, Luminor, and Šiaulių bankas. Majority of the market historically has been dominated by branches of the Scandinavian majors. [2]
In 2005 Swedbank made a buy-out offer to the minority shareholders and as of today Hansabank is a fully owned subsidiary of Swedbank Group. In July 1999, Hansabank's Lithuanian subsidiary Hansabankas opened its doors to clients in Vilnius, adding commercial banking to the services provided by Hansabank Group in Lithuania.
In 2001, a deal to merge Swedbank (then FSB) with SEB failed as the European Commission thought that the merged company would have had too dominant a position in the Swedish banking market. Today, Swedbank has 7 million private customers and 555 000 corporate customers. Swedbank is the largest bank in both Estonia and Latvia. [7]
[1] [5] As of 2018, Luminor had 3,000 employees. [2] In February 2019, the bank announced that, due to consolidation, it would reduce its staff by 130 employees in Estonia, 250 employees in Latvia, and 420 employees in Lithuania. [3] The bank also closed 26 of their 61 customer service centers in the Baltic states in 2019. [8]
SEB is the largest Swedish bank by both market capitalisation [3] and total assets. [ 4 ] The SEB Group traces its origins to the Stockholms Enskilda Bank and Skandinaviska Banken, established in 1856 and 1864 respectively.
An electronic identification ("eID") is a digital solution for proof of identity of citizens or organizations.They can be used to view to access benefits or services provided by government authorities, banks or other companies, for mobile payments, etc. Apart from online authentication and login, many electronic identity services also give users the option to sign electronic documents with a ...
[3] 1 January - Suicide Prevention Centre of Lithuania was established. [4] [5] 15 January - a big storm left 15,000 people without electricity, mostly in Klaipėda county. [6] 16 January - second honorary consulate of Estonia in Lithuania was opened in the city of Kaunas. [7] 26 January - Israel opened its embassy in Vilnius. [8]
Vilnius (/ ˈ v ɪ l n i ə s / ⓘ VIL-nee-əs, Lithuanian: [ˈvʲɪlʲnʲʊs] ⓘ) is the capital of and largest city in Lithuania and the most-populous city in the Baltic states.The city's estimated January 2025 population was 607,404, [7] and the Vilnius urban area (which extends beyond the city limits) has an estimated population of 747,864.