"Swedbank" AB (Lithuania) – Company Profile

"Swedbank" AB is one of the largest commercial banks in Lithuania, offering retail, corporate, and private banking services. The bank is part of the Swedbank Group, a major financial services group headquartered in Sweden, operating across the Baltics and the Nordics. In Lithuania, the bank is well known for its digital banking leadership, broad branch and ATM network, and strong presence in consumer and corporate lending.

Company Overview

Legal name: "Swedbank", AB
Brand: Swedbank Lietuvoje (Swedbank Lithuania)
Industry sector: Banking and financial services (retail and corporate banking, payments, asset management, insurance via group companies)
Founding and heritage in Lithuania: Swedbank’s Lithuanian operations trace back to the late 1990s and the former Hansabank Group, which integrated the Lithuanian Savings Bank (Lietuvos taupomasis bankas). The brand transitioned from Hansabank to Swedbank in 2009 following group-wide rebranding. The current legal entity details and registration are maintained by the Lithuanian Register of Legal Entities.
Headquarters (registered office): Konstitucijos pr. 20A, LT-09308, Vilnius, Lithuania

Legal Information

Įmonės kodas (Company code): 112029651
PVM kodas (VAT code): LT112029651
Official website: https://www.swedbank.lt
Official email address: Not publicly provided; customers are directed to use the Internet Bank or secure messaging via the website for inquiries.
Registered office address: Konstitucijos pr. 20A, LT-09308, Vilnius, Lithuania
Main phone (Customer Service): 1884 (from Lithuania), or +370 5 268 4444 (from abroad)
SWIFT/BIC: HABALT22
Bank code (Lithuania): 73000

Business Operations

Main products/services:
- Retail banking: current and savings accounts, payments, cards, consumer loans, mortgages, digital channels (Internet Bank, mobile app)
- Corporate/SME banking: business accounts, payments and cash management, working capital financing, investment loans, trade finance, cards, merchant acquiring
- Investment and savings: mutual funds, pension funds (through group companies), brokerage and investment services
- Insurance and leasing: life insurance through Swedbank Life Insurance SE (Lithuanian branch), non-life insurance brokerage, and leasing solutions (historically via Swedbank lizingas, with services integrated into the bank’s offering)

Business model: Universal bank model focused on retail and corporate segments, emphasizing digital self-service, risk management, and cross-selling within Swedbank Group. Revenue streams include net interest income, fees and commissions, and ancillary services from investment, insurance, and payments.
Market position: Among the top three banks in Lithuania by assets, deposits, and lending volumes, alongside SEB and Luminor. Strong position in retail deposits and mortgages, and a significant share of SME and corporate banking.

History

Key milestones:
- Late 1990s–2000s: Expansion in Lithuania under the Hansabank Group, including integration of the Lithuanian Savings Bank operations.
- 2009: Rebranding from Hansabank to Swedbank across the Baltics, unifying brand and systems.
- 2010s: Continued digitalization, mobile banking growth, consolidation of service lines, and strengthening of risk and compliance frameworks.
- 2020s: Acceleration of digital adoption, optimization of branch formats, and strong financial performance supported by interest rate environment; continued focus on sustainability and responsible banking aligned with Swedbank Group policies.

Founding story: The Lithuanian bank’s modern form emerged from the consolidation and transformation of legacy institutions into Hansabank and later Swedbank. The Swedbank Group’s strategic integration created the current "Swedbank", AB legal entity and brand in Lithuania.

Financial Information

Revenue and profit: Swedbank Lithuania publishes audited annual financial statements and periodic results. Exact annual revenue/profit figures vary year to year and are available in annual reports and Bank of Lithuania disclosures. In recent years (2022–2023), Lithuanian banks, including Swedbank, reported significantly higher net interest income driven by the changing interest-rate environment.
Funding rounds: Not applicable; the bank is a regulated financial institution, capitalized through shareholder equity and retained earnings rather than venture-style funding.
Ownership structure: "Swedbank", AB is a subsidiary of Swedbank AB (publ), Sweden. Governance and oversight align with Swedbank Group frameworks and Baltic Banking management structures.

Leadership and Management

Note on public availability: The bank maintains and updates the list of executive officers and board members on its official channels. Names and roles may change; authoritative references should be checked for the current roster.

Key executives (sample of known roles in Lithuania):
- Chief Economist (Vyr. ekonomistas): Nerijus Mačiulis
- Country-level management includes roles such as CEO/Head of Lithuania, CFO, CRO, Head of Retail Banking, Head of Corporate Banking, and others. Specific current names are published by the bank on official pages and in regulatory filings.

Board and governance: The bank has a Management Board (valdyba) and may have a Supervisory Council (stebėtojų taryba) in line with Lithuanian corporate governance and Swedbank Group structures. Current composition should be verified in official disclosures.

Office Locations

Head Office:
- Konstitucijos pr. 20A, LT-09308, Vilnius, Lithuania
- Phone: 1884 (Lithuania), +370 5 268 4444 (international)

Branch network: Swedbank operates a nationwide network of branches and customer service points across major cities and regions (e.g., Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Alytus, Marijampolė, Utena, Telšiai, Tauragė, Mažeikiai, and others).

Branch phone numbers: The bank generally centralizes phone service via the main customer line (1884; +370 5 268 4444). Specific branch direct phone numbers are typically not publicly listed; customers are directed to use the central number or online booking/contact tools. The full and current list of offices, addresses, and opening hours is maintained on the bank’s website.

Market Position

Competitors: SEB bankas (AB SEB bankas), Luminor Bank AS (Lithuanian branch), Šiaulių bankas, Citadele Bank (Lithuanian branch), and other niche and fintech providers.
Market share: Swedbank is consistently ranked among the top three banks in Lithuania by deposits, loans, and assets. Exact market-share percentages vary annually and by segment; consult Bank of Lithuania statistics for current figures.
Competitive advantages: Strong digital platforms, extensive customer base across retail and corporate segments, broad product portfolio, integration with Swedbank Group resources, robust risk management, and longstanding brand recognition in the Baltics.

Recent Developments

- Continued enhancement of mobile and internet banking capabilities, including user experience improvements and security upgrades.
- Ongoing optimization of physical service network and promotion of digital self-service for everyday banking.
- Sustained focus on sustainability (ESG) and responsible lending aligned with Swedbank Group strategies.
- Strong financial performance reported by Lithuanian banks in 2023 amid rising interest rates, with subsequent regulatory and public attention on sector profits and taxation debates.
Note: For the latest news, refer to Swedbank’s press releases and Bank of Lithuania publications.

Contact Information

Registered office: Konstitucijos pr. 20A, LT-09308, Vilnius, Lithuania
Main phone: 1884 (Lithuania); +370 5 268 4444 (from abroad)
Website: https://www.swedbank.lt
Email: Not publicly listed; customers are advised to use secure messaging within Internet Bank or the website’s contact forms.
SWIFT/BIC: HABALT22
Bank code: 73000

Regulatory and Compliance

"Swedbank", AB is licensed and supervised by the Bank of Lithuania. It adheres to Lithuanian and EU regulatory frameworks, including AML/CFT, consumer protection, and prudential requirements under CRR/CRD. Deposit insurance for eligible deposits is provided according to Lithuanian law via the national deposit guarantee scheme.

Sources and References

- Swedbank Lithuania official website (About, Contacts, Services): https://www.swedbank.lt
- Bank of Lithuania (supervision, statistics, financial statements repository): https://www.lb.lt
- Swedbank Group Annual Reports and Baltic Banking disclosures: https://www.swedbank.com
- Lithuanian Register of Legal Entities / Legal acts registry references for company code and registration (via public registry tools and summaries).
- Rekvizitai.lt (company profile aggregations commonly used in Lithuania for codes, VAT, and addresses): https://www.rekvizitai.lt

Notes on Data Availability

- Executive names (vadovai) and board composition: subject to updates; consult official Swedbank channels or recent regulatory filings for the current list.
- Branch-level phone numbers: Swedbank primarily uses centralized customer service lines; direct branch numbers are generally not listed publicly. All current branch addresses and opening hours are available on the bank’s website.
- Precise annual revenue/profit figures: published in audited annual reports and Bank of Lithuania databases; figures change year by year and should be taken from the latest official documents.