Three Lithuanian names among top 10 highest-valued companies in Baltics

DELFI / Mindaugas Ažušilis

Companies operating in the Baltic market have been assessed by the investment banking consultancy Prudentia and Nasdaq Riga, according to a press release by the credit bureau Creditinfo.

Second on the list is the SEB Bank group whose worth has grown 19 percent compared to last year and stands at EUR 1.9bn. Number three is Estonia’s Tallink Grupp, which lost 12 percent of its value over the year and is now worth EUR 1.6bn.

Maxima group, operator of the Maxima grocery chain, is the highest-ranked Lithuanian company on the list, at the fifth spot. The Baltic top 10 includes two more Lithuanian companies, Lithuanian Railways (7th spot) and Lithuanian energy (8th spot).

“Highest-valued companies have a huge impact on the economy, its potential and creation of jobs. It’s natural to see three banks in the list. By financing businesses and collecting deposits from people, credit institutions play an important role in furthering economic development. Therefore the worth of financial institutions grows along with the economy. And vice-versa – by financing business, credit institutions further GDP growth,” says Creditinfo CEO Andrius Bogdanovičius.

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