The Swedish Chamber of Commerce in Lithuania in partnership with law firm TGS Baltic and the Embassy of Sweden in Vilnius for the 6th time brought together about 100 banking and finance experts, regulators and […]
The Bank of Lithuania reports that Swedbank clients are receiving false text messages about how Swedbank will supposedly cease operations on March 2, that their accounts will be transferred to another bank and an account number is presented to transfer funds. […]
The Bank of Lithuania will provide assistance to the Swedish and Estonian financial supervisory authorities in the investigation of recent information regarding alleged money laundering transactions linked with the Swedbank group. […]
Lithuania’s Finance Minister Vilius Šapoka called on the eurozone and the European Union to establish a single anti-money laundering system after a money laundering scandal hit the Swedish banking group Swedbank on February 20. […]
Invest Lithuania, the government’s agency in charge of attracting foreign investment, has sealed 19 foreign direct investment (FDI) projects this year. Over the coming three years, these investments are expected to create 1,800 new jobs, the agency said. […]
While Italian banks holding €360 billion of bad loans may soon become a problem for the eurozone, financial institutions in Lithuania are not as exposed to bad loans, representatives of the biggest banks in Lithuania […]
Data gathered by SoDra, the state social insurance administrator suggests that wages in Lithuania may be moving from the black market The data indicates that the state manged to moved up to €68 million in […]
The Swedish Swedbank banking group has transferred a significant portion of its investment fund and investment portfolio administration services to a branch in Vilnius.
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On Saturday, the Danish Danske Bank and Swedish Swedbank completed the deal they signed at the end of September last year regarding the sale of Lithuanian and Latvian retail banks. Verslo Žinios reports that the […]
From January to May, the number of mail or internet orders in Lithuania increased by 34.9% compared to the same period in 2015. E-commerce is opening more and more local and international opportunities for the country’s small- and medium-sized businesses. […]
The first quarter of 2016 saw increased borrowing by small businesses, improved corporate credit ratings and growing productivity. Farmers, retailers and manufacturing companies were the most active borrowers among small businesses, says Swedbank. Swedbank’s loans […]
The recommendations submitted to Lithuania by the European Commission are largely the same as they’ve been over the last few years, pointed out Swedbank economist Nerijus Mačiulis. According to him, this shows that Lithuania’s reforms […]
A new analysis by Swedbank of the effects of a Brexit on the Baltic States found that there would be little impact on trade but that the biggest impact would be a more divided Europe […]
The beginning of this year has been successful for Lithuania’s banking sector, with most banks reporting profit growth despite historically low interest rates. Finance expert Mantas Valužis said that the good results are surprising given […]
After acquiring retail banking businesses in Lithuania and Latvia from the Danish Danske Bank, the Swedish Swedbank is looking for more acquisitions in these countries. “We are ready to buy the portfolios of other banks […]
Despite the Lithuanian economy growing for six consecutive years, the gap between regions in the country is not decreasing, according to the Swedbank Finance Institute’s annual comparative analysis of municipalities. “Along with economic exclusion, social […]
Swedbank Lithuania made €22 million in profits in January-March 2016, 3% more than during the first quarter last year. Swedbank, which is part of the Swedish Swedbank group and the second biggest bank in Lithuania, […]
Swedbank has been given the go-ahead by Lithuania’s Competition Council to take over the retail banking business of Danske Bank in Lithuania. […]
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