International Internet Magazine. Baltic States news & analytics
Sunday, 26.03.2017, 10:18
SEB ranks 1st among Lithuanian banks by assets and loans
SEB Bankas held assets worth 7.251 bln euros in late December, accounting for 29.2% of the total banking assets, followed by Swedbank in second place with 7.325 bln euros and a 28.4% market share.
The aggregate assets of commercial banks registered in Lithuania totaled 21.431 bln euros, or 83.2% of the banking system's assets, and foreign bank branches' assets amounted to 4.324 bln euros, or 16.8%.
SEB Bankas' portfolio of loans and advances totaled 5.339 bln euros, giving it a 29.5% market share. Swedbank held 25.7% of the market with 4. 641 bln euros.
Swedbank held the largest deposit portfolio in late December, at 6.471 bln euros, giving it a 34.5% market share, including 4.446 bln euros (39.8% of the market) in household deposits and 1.357 bln euors (23.6%) in non-financial enterprises.
SEB Bankas followed in second place with 5.157 bln euros, or 28.7% of the market, at the end of 2016. The bank's biggest deposit portfolio was from non-financial enterprises at 1.575 bln euros (27.4% of the market), while the portfolio of household deposits stood at 3.213 bln euros (28.8%).
Six commercial banks and seven foreign bank branches operate in Lithuania.