Payments
CORPORATE

Private borrowing on the rise in Lithuania

Lithuanian Banking Association says that people in the country are borrowing far more actively this year than in 2015. Lithuanians are also more using bank cards more actively, even though cash remains the most popular […]

Laimonas Belickas
CORPORATE

Lithuania in world‘s top 10 for leasing finance

Lithuania has the ninth highest level of leasing finance in the world with lease agreements signed amounted to more than a billion euros last year in Lithuania. A third of leasing finance was used for […]

Swedbank
Economy

Swedbank gets go ahead to take over Danske retail business 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. […]

CORPORATE

Lithuanian banking profits fell by one fifth

Profit margins of major banks in Lithuania have fallen by about one fifth in 2015, a result of one-off factors like Lithuania’s accession to the euro zone and quantitative easing policies that have cut interest rates, Verslo Žinios reports. […]