Saldo Bank UAB

Saldo Bank UAB is a Lithuania-based specialized bank focused on consumer and small-business lending and digital deposit products. The bank operates under authorization granted by the European Central Bank (ECB) following the proposal of the Bank of Lithuania, and leverages a fully digital business model to serve customers in Lithuania and other EU markets through passporting.

Company Overview

Legal name: Saldo Bank UAB
Type: Specialized bank (licensed credit institution)
Industry sector: Banking; Consumer Finance; Fintech
Founding/launch as a bank: The specialized bank authorisation was granted in late 2021; market launch followed in 2022.
Headquarters: Vilnius, Lithuania (registered office in Vilnius; see Legal Information)
Parent/group background: Saldo Bank UAB is associated with the Nordic fintech group better known as “Saldo”, which has offered digital lending solutions in Finland and other markets prior to its entry into banking in Lithuania.

Legal Information

Įmonės kodas (Company registration code): Not publicly confirmed in the sources available for this profile.
PVM kodas (VAT code): Not publicly confirmed in the sources available for this profile.
Official website: Public sources commonly reference Saldo’s group site as https://www.saldo.com. A dedicated Lithuanian banking site may be branded as Saldo Bank; however, an authoritative country-specific URL could not be conclusively verified in the sources consulted.
Official email address: Not publicly confirmed; group-level customer contact is sometimes provided via support channels (e.g., support@saldo.com), but a bank-specific address was not verifiable in the sources consulted.
Registered office address: Located in Vilnius, Lithuania. Precise street address is not confirmed in the sources available for this profile.
Registered office phone number: Not publicly confirmed in the sources available for this profile.

Note: For authoritative legal details (company code, VAT code, registered address, and official contacts), consult the Bank of Lithuania’s register of licensed institutions and the Lithuanian company registry (see Sources and References).

Business Operations

Main products/services:
- Digital consumer lending (installment loans, credit lines)
- Small business lending (SME credit solutions)
- Deposits (retail term deposits and/or savings products, subject to market offering)
- Digital onboarding, account management via web and mobile interfaces

Business model: Saldo Bank UAB operates a fully digital banking model focused on automated credit scoring, responsible lending practices, and online self-service channels. The bank monetizes primarily through interest income from lending products and potentially through fee income related to accounts and deposits. The specialized bank license enables it to collect deposits and lend in Lithuania with EU passporting capability, subject to regulatory approvals.

Market position: Positioned among Lithuania’s specialized, digitally native banks and consumer lenders, Saldo Bank aims to differentiate through proprietary risk models, fast onboarding, and cross-border reach within the EU.

History

Founding story and milestones:
- Pre-bank phase: The Saldo brand originated from a Nordic fintech operator offering digital consumer lending in Finland and other markets.
- License approval: In late 2021, the ECB (on proposal by the Bank of Lithuania) granted a specialized bank license connected to the Saldo group in Lithuania.
- Launch: Saldo Bank UAB commenced operations in 2022, progressively rolling out lending and deposit offerings and preparing for EU passporting.
- Expansion: Since launching, the bank has focused on scaling digital lending and deposit services, integrating group technology and analytics to support growth.

Financial Information

Revenue and financial results: Publicly detailed revenue, profit, and balance sheet data specific to Saldo Bank UAB were not available in the sources consulted for this profile. As a bank, it files regulatory reports to the Bank of Lithuania; summaries may appear in statutory filings or official registers.

Funding rounds: Saldo’s broader group has historically financed growth through equity and debt instruments typical for fintech lenders (including bond programmes in Nordic markets). Specific fundraising for Saldo Bank UAB was not conclusively documented in the sources consulted.

Ownership structure: Saldo Bank UAB is part of the Saldo group with Nordic roots. The detailed shareholding and ultimate beneficial ownership of the Lithuanian bank were not publicly verifiable in the sources consulted for this profile; refer to the Bank of Lithuania and Lithuanian business registry filings for current shareholder information.

Leadership and Management

Key executives (vadovai):
Specific names and roles (CEO, CFO, CRO, CTO, etc.) for Saldo Bank UAB’s current management team were not conclusively verifiable in the sources consulted. The group’s leadership includes experienced fintech and banking professionals from Nordic markets; however, authoritative, bank-specific executive listings should be retrieved from official disclosures or the Bank of Lithuania’s public register.

Board members: Not publicly confirmed in the sources consulted for this profile. Board composition is subject to regulatory fit-and-proper assessments and is typically disclosed in official company filings.

Office Locations

Registered office: Vilnius, Lithuania (exact street address not confirmed in the sources consulted).
Additional offices: No additional Lithuanian branch offices were confirmed in the sources consulted.
Phone numbers: Not publicly confirmed for the Lithuanian registered office or branches in the sources consulted.

Market Position

Competitors in Lithuania:
- Specialized banks and digital lenders (e.g., Revolut Bank UAB, Mano Bankas, and other niche consumer lenders)
- Traditional banks with consumer lending lines (e.g., Swedbank, SEB, Luminor)
- Non-bank consumer credit institutions operating online

Market share: Precise market share figures for Saldo Bank UAB were not publicly available in the sources consulted.

Competitive advantages:
- Digital-first model with automated underwriting and fast onboarding
- EU passporting potential leveraging Lithuanian license
- Focused product set for consumer and SME lending
- Proprietary risk analytics and fintech operational efficiencies

Recent Developments

Latest news and expansions:
- Post-license ramp-up: Following the specialized bank license approval in 2021, Saldo Bank UAB has reportedly focused on scaling its lending and deposit offering in Lithuania and preparing cross-border services within the EU.
- Technology and product enhancements: Continuous improvements to digital onboarding, risk modeling, and customer self-service channels have been part of the bank’s growth strategy.
- Partnerships: While specific partnerships were not confirmed in the sources consulted, fintech banks often engage with third-party technology providers, payment processors, and data analytics partners to support digital operations.

Contact Information

Official website: https://www.saldo.com (group-level). A dedicated Lithuanian site for Saldo Bank may exist, but its exact URL was not authoritatively confirmed in the sources consulted.
Email: Not publicly confirmed (group-level support channels may include support@saldo.com; bank-specific email should be verified on the official site).
Registered office address: Vilnius, Lithuania (exact street address not confirmed; consult official registry).
Phone: Not publicly confirmed in the sources consulted.

Important: For precise legal and contact information (įmonės kodas, PVM kodas, registered office address, official phone, bank-specific email), refer to the official registers and the bank’s website listed in Sources and References.

Sources and References

- Bank of Lithuania (LB) – Register of supervised financial market participants: https://www.lb.lt/en/sfi-financial-market-participants
- ECB list of supervised credit institutions and licensing announcements: https://www.bankingsupervision.europa.eu
- Saldo group website (company background, products): https://www.saldo.com
- Lithuanian business registry (Centre of Registers / VĮ Registrų centras): https://www.registrucentras.lt
- Rekvizitai.lt (Lithuanian company directory) – use to verify company code, VAT, and contacts: https://rekvizitai.vz.lt
- Public press coverage on specialized bank licenses in Lithuania (general context): Bank of Lithuania news releases and Lithuanian media reports.

Note: The above references are provided to guide verification. Specific numeric identifiers (įmonės kodas, PVM kodas) and exact contact details were not available in the consulted sources at the time of writing and should be confirmed through the listed official registers.