Swedbank ranks 1st among Lithuanian banks by assets, deposits, SEB by loans

  • 2018-12-17
  • LETA/TBT Staff

VILNIUS - Swedbank was the number-one bank in Lithuania by assets and deposits in late September and SEB Bankas led the market in terms of loans, consolidated figures from the central Bank of Lithuania showed on Friday.

Swedbank held assets worth 8.541 billion euros at the end of September, accounting for 31.2 percent of the total banking assets.

SEB Bankas followed in second place with 7.666 billion euros, or 28 percent of the market.

Luminor, a new bank created through the merger of DNB Bankas and Nordea Bank's Lithuanian branch, ranked third with 6.528 billion euros, or 23.9 percent. 

SEB Bankas' portfolio of loans and advances stood at 6.203 billion euros in late September, giving it a 31.1 percent market share. Luminor held 26.7 percent of the market with 5.324 billion euros, followed closely by Swedbank with 26.2 percent and 5.227 billion euros.

Swedbank held the largest deposit portfolio, at 7.595 billion euros, giving it a 36.5 percent market share. The portfolio included 5.236 billion euros in household deposits, or 42 percent of the market. 

SEB Bankas followed in second place with 5.989 billion euros, or 28.3 percent of the market. The bank held the biggest portfolio of non-financial companies' deposits, at 1.76 billion euros, or 30.2 percent of the market. 

Luminor held a 19.5 percent share of the deposit market with 4.054 billion euros. 

Six commercial banks and six foreign bank branches operated in Lithuania in late September.