Mindaugas Rimkus, Author at the Lithuania Tribune

Danske Bank withdrawal from Lithuania: what local customers need to know

May 17, 2018 Mindaugas Rimkus 0

Danske Bank Group announced that it is stopping onboarding new local customers in Lithuania and plans to exit from serving local business and private banking customers. Although it was announced that it means no immediate changes for current local customers, customers are free to look for other banking services. […]

Merger between RIMI and IKI rejected: lessons learned

April 19, 2018 Mindaugas Rimkus 0

At the end of 2016 Rimi Lietuva, JSC (brand – RIMI) disclosed its strategic plan to acquire full control of Palink, JSC (brand – IKI) creating the biggest network of retail market centres (stores) in Lithuania, however becoming the second player by measured turnover in retail after Maxima LT, JSC (brand – Maxima) ahead. […]