Uždaroji akcinė bendrovė Medicinos bankas

Uždaroji akcinė bendrovė Medicinos bankas (UAB Medicinos bankas; commonly branded as Medicinos bankas) is a Lithuanian commercial bank headquartered in Vilnius. Established in the early years of Lithuania’s modern banking sector, the bank provides retail and business banking services to individuals, SMEs, and organizations across Lithuania.

Company Overview

Legal name: Uždaroji akcinė bendrovė Medicinos bankas (UAB Medicinos bankas)
Trade name: Medicinos bankas
Founded: 1992 (year commonly cited for the bank’s establishment in Lithuania’s post‑independence period; specific founding date should be verified in the bank’s own historical materials)
Headquarters: Vilnius, Lithuania (exact registered office details provided under “Legal Information” if available)
Industry: Banking and financial services
Regulator: Licensed and supervised by the Bank of Lithuania (Lietuvos bankas)
SWIFT/BIC: MDBALT22 (commonly referenced for UAB Medicinos bankas)

Legal Information

Įmonės kodas (company code): Not publicly confirmed in the sources consulted here (refer to the Lithuanian Centre of Registers or the bank’s official disclosures).
PVM kodas (VAT code): Not publicly confirmed in the sources consulted here.
Official website: https://www.medbank.lt (the bank is also referred to online as “Medicinos bankas”).
Email address: Not explicitly confirmed in the sources consulted; the bank typically provides a secure contact form and channel details on its website’s “Contacts” page.
Registered office address: The precise current registered office address is not confirmed in the sources consulted for this profile; the bank lists headquarters and service locations on its official website. Historically, the bank has operated principal offices in central Vilnius. Please verify the latest registered office on the official site or in the Lithuanian Centre of Registers.
General phone: A central customer service phone line is published on the bank’s official “Contacts” page; please consult the website for the most accurate number.

Business Operations

Core services:
- Retail banking: current and savings accounts, term deposits, payment cards, online and mobile banking, domestic and international payments, currency exchange services.
- Business banking: SME financing, working capital and investment loans, payment services (including SEPA), merchant services, cash management, and trade-related services.
- Payments and channels: internet banking, mobile banking, ATMs and partner networks, in-branch cash operations, and collaboration with partner networks for payment acceptance.

Business model: Universal banking model focused on deposit‑funded lending to individuals and small-to-medium enterprises, alongside fee-based revenue from payments, cards, and transactional banking.

Market position: Medicinos bankas is among Lithuania’s smaller commercial banks by assets and deposits and primarily focuses on serving local retail clients and SMEs. It competes by offering personalized service, streamlined decision-making, and niche SME/retail products.

History

Founding and early years (1990s): Established in 1992 during the re-formation of Lithuania’s banking landscape, Medicinos bankas began operating as a domestic commercial bank serving retail and small business clients.

Expansion and service development (2000s–2010s): The bank expanded its branch and customer service unit (CSU) network across major Lithuanian cities and towns, broadened its retail and SME offerings, and invested in digital channels (internet and mobile banking). The bank and its partners have participated in nationwide payments acceptance initiatives in the retail network and public service channels, contributing to financial inclusion and cash/payment access—particularly for regions outside the largest cities.

Recent years (2020s): In line with the Lithuanian banking sector’s modernization, Medicinos bankas has continued digital upgrades, enhanced risk and compliance frameworks in accordance with EU and Bank of Lithuania standards (e.g., PSD2, AML/CTF), and maintained a focus on SME lending and everyday retail banking services. Any significant shareholder or structural changes should be verified against official shareholder registers and Bank of Lithuania notifications.

Financial Information

Revenue and financials: As a Lithuanian bank, UAB Medicinos bankas publishes audited annual financial statements and interim reports. While precise revenue, profit, and asset figures vary year by year, the bank’s scale places it among smaller players in Lithuania’s banking market. Interested readers should consult the bank’s latest annual report and the Bank of Lithuania’s aggregate statistics for exact figures.

Funding and capital: The bank’s capital base consists of shareholder equity and retained earnings, supplemented by customer deposits as the primary source of funding for lending operations. It is subject to EU CRR/CRD capital and liquidity requirements, Pillar 3 disclosures, and supervisory reporting to the Bank of Lithuania.

Ownership structure: UAB Medicinos bankas is a privately held (UAB) company. The exact current shareholder composition, including any recent transactions or approvals, should be verified via the Bank of Lithuania disclosures and the Lithuanian Centre of Registers, as ownership can change over time following regulatory clearance.

Leadership and Management

Medicinos bankas is managed by a management board and governed by a supervisory structure consistent with Lithuanian and EU banking regulation. The specific current names and positions (CEO, management board members, supervisory board members, chief risk/compliance officers, etc.) were not reliably confirmed in the sources consulted for this profile. The bank’s official website and annual reports list up-to-date leadership details, including full names and roles (pareigos).

Office Locations

Head office: Vilnius (exact current registered office address to be confirmed on the official site).
Branch and CSU network: The bank operates customer service units and branches in major cities and towns across Lithuania, typically including Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Alytus, and others. Exact addresses and direct phone numbers for each branch/CSU are published on the bank’s official Branch/Contacts page.

Note: Specific office-by-office addresses and phone numbers can change. For the most accurate and complete list of locations (buveinių adresai) and phone numbers, consult the bank’s official website’s “Contacts” or “Branches” section.

Market Position

Competitors in Lithuania: Major universal banks (Swedbank, SEB, Luminor), mid-sized and specialized banks (Šiaulių bankas, Citadele bankas), as well as niche lenders and fintech/payment institutions. In cards and payments, competition also includes neobanks and payment/e-money institutions under EU license regimes.

Market share: Medicinos bankas’ market share by assets, deposits, or loans is modest relative to the leading banks; it is typically below low single-digit percentages of national totals. Official market share data can be found in the Bank of Lithuania’s published sector statistics and the bank’s own annual reports.

Competitive advantages: Focus on SMEs and retail clients, localized service, flexibility in underwriting smaller tickets, niche product tailoring, and customer service differentiation. The bank’s smaller size can enable quicker decision cycles and closer relationships with local customers.

Recent Developments

- Continued investment in digital channels (mobile and online banking), card/contactless, and instant payments (SEPA Instant) to align with customer expectations and EU payment standards.
- Ongoing enhancements to compliance, risk management, and reporting frameworks in line with supervisory expectations.
- Routine updates to branch network and service hours to balance in-person coverage with digital service adoption.

Note: For the latest concrete milestones (e.g., capital changes, shareholder approvals, partnership agreements, or product launches), see the bank’s press releases and Bank of Lithuania communications.

Contact Information

Official website: https://www.medbank.lt
General inquiries (email): The bank provides contact and inquiry options via its website’s “Contacts” page; a general mailbox is not explicitly confirmed in the sources consulted.
Head office address: Vilnius, Lithuania (exact current registered address should be verified on the bank’s official site or in the Lithuanian Centre of Registers).
Phone: A central customer service number is listed on the official website; branch-specific phone numbers are published on the site for each location.
SWIFT/BIC: MDBALT22

Sources and References

- Medicinos bankas (official website): https://www.medbank.lt (Company information, products, contacts, service locations, annual reports).
- Bank of Lithuania (Lietuvos bankas): https://www.lb.lt (Register of licensed banks, sector statistics, supervisory updates).
- Lithuanian Centre of Registers / Rekvizitai (company registry and business directory): https://www.registrucentras.lt and https://rekvizitai.vz.lt (Company legal data, codes, addresses; verify latest details directly).
- Annual reports and Pillar 3 disclosures of UAB Medicinos bankas (linked from the bank’s official website).
- Lithuanian business media (for news and developments): Verslo žinios (https://www.vz.lt), 15min (https://www.15min.lt), Delfi (https://www.delfi.lt) – verify specific articles for shareholder or strategic updates.

Important note: Certain precise legal identifiers (įmonės kodas, PVM kodas), named executives (vadovai), and the full, up-to-date list of office addresses with phone numbers were not conclusively identified in the sources available for this profile. For authoritative, current details, please consult the bank’s official website, the Lithuanian Centre of Registers, and the Bank of Lithuania’s registers.