CORPORATE

Lithuanians largely ignorant about their banking charges

A recent study has shown that nearly 40% of Lithuanians do not know how much they are charged for banking services. Experts think this might come from many customers’ belief that monetary transactions entail no […]

CORPORATE

Borrowing by small businesses doubles in Lithuania

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 […]

Swedbank
CORPORATE

Swedbank Lithuania reports profit growth

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, […]

CORPORATE

Number of Lithuanians without a bank account increasing rapidly

The number of Lithuanian citizens without bank accounts or other payment facilities has grown rapidly in Lithuania over the past three years, with the largest increase in the past year. A Bank of Lithuania survey […]