„Revolut“ accelerates global banking expansion: launches operations in Australia
„Revolut“, a global financial leader with 75 million customers worldwide, today announced a significant step in fulfilling its mission to create the first global bank,…
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EC established measures to strengthen the European banking sector and support economic growth
The European Commission (EC) adopted the communication “Competitiveness of the banking sector and the single banking market,” which sets out measures aimed at strengthening the single banking…
Hungarian OTP Bank buys Luminor
The largest commercial bank in Hungary, “OTP Bank,” has signed an agreement with a consortium of private equity funds managed by “Blackstone” and “DNB Bank” regarding the third largest banking group…
LB representative: the working model of new “live” bank branches will depend on local needs
With the country’s banks promising to provide “live” services to customers in ten more municipalities where there is currently not a single bank branch, a representative of the Bank of Lithuania (LB) says that…
Bankai are making changes in the regions: named the districts where they will expand
In implementing the Bank of Lithuania’s goal to ensure better access to financial services in the regions, commercial banks operating in the country are ready to improve physical service…
Urbo bank profit grew 17.2% this year to 3.4 million euros
Lithuanian capital Urbo Bank earned 3.4 million euros in net profit in the first half of this year – 17.2% more than at the same time last year, when the profit was 2.9 million euros.
Mantas Varaška: banking services must be equally accessible to all residents of Lithuania
Mayor of Kazlų Rūda Mantas Varaška, responding to the letter from the Bank of Lithuania (LB) regarding the physical accessibility of banking services, emphasized that for all residents of Lithuania, state institutions and…
Polish fund requests permission to acquire “Sunflower Investments” and part of the union “Sunflower”
The private equity fund of Poland’s “Enterprise Investors” is requesting permission to acquire the Lithuanian consulting company “Saulėgrąžos investicijos” and part of the credit union “Saulėgrą…
3 things the bank never asks for over the phone
Did you receive a call from a bank employee asking you to urgently confirm your identity or provide sensitive information? This is one of the most common ways fraudsters trick you into logging in…
„Finbee“ loans – at least 30 million euros from „Unicredit“
The Belgian bank ‘UniCredit’ of the Italian banking group ‘Unicredit’ will finance loans of the Lithuanian peer-to-peer lending platform ‘Finbee’, allocating at least 30 million euros for this, on Friday…