Includes special features of this country’s banking system and rules/laws that might impact U.S. business.
Last Published: 8/5/2019

Six banks and eight foreign bank branches are operating in Lithuania.  The Lithuanian banking sector is dominated by the subsidiaries of large Scandinavian banks.  The three largest banks – SEB, Swedbank, and Luminor – are fully owned by their parent legal structures in Sweden and Norway. The other three banks, AB Šiaulių bankas, UAB Medicinos bankas, and AB “Citadele“ bankas, are considerably smaller and are owned by groups of local and foreign investors.  Among the foreign banks’ branches, Scandinavian capital also dominates.  There are 68 credit unions united by the Lithuanian Central Credit Union.  The Lithuanian government has no ownership stake in the banking sector.

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