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Vilnius market

Revolut Bank became the third largest bank in terms of assets

BNS
in 2022 September 19 15:21
1 min. reading
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After reorganizing and consolidating the companies of the group, "Revolut" bank became the third bank in terms of assets in Lithuania - its market share increased to 16,4 percent. The bank's assets were valued at 8,2 billion at the end of June. euros.

The largest in terms of assets under management in the second quarter remained "Swedbank" - he took 31,2 percent. market (15,6 billion euros), second - SEB bank - 22,7 percent. (11,4 billion euros). Together, these banks occupied 53,9 percent. market. Šiaulių bankas was in fourth place with 7,8 percent. of the market (3,9 billion euros), it is indicated in the overview of banking activities of the first half of the year published by the Bank of Lithuania.

The total assets of the banking sector increased by 6,4 percent in the second quarter compared to the first. up to 50,2 billion euros, but after eliminating the influence of Revolut, it grew by 1,2 percent. 

SEB banka earned the biggest profit in half a year - 70,3 million. EUR, second was Swedbank (EUR 45,3 million), third was Revolut (EUR 40,4 million). The biggest loss is 770 thousand. euros - experienced by "Fjord" bank. 

At the end of June, Swedbank had the largest number of deposits (13 billion euros), followed by SEB (9,5 billion euros), and third by Revolut (6,3 billion euros). The largest number of loans was also issued by Swedbank ( 7 billion euros), SEB (6,6 billion euros) and Šiaulių bankas (2,4 billion euros).

It is not allowed to publish, quote or otherwise reproduce the information of the news agency BNS in public information media and on websites without the written consent of UAB "BNS".
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