Artea Bank
 | |
 Artea logo on the Sqveras office complex in Kaunas | |
| Type | Public company |
|---|---|
| Nasdaq Baltic: SAB1L | |
| Industry | Financial services |
| Founded | 4 February 1992 |
| Headquarters | , |
Key people | Vytautas Sinius (Chairman and CEO) Donatas Savickas (Deputy Chairman and CEO; CFO) |
| Products | Retail banking, mortgage loans, corporate banking |
| Revenue |  €156.028 million (2025)[1] |
| €70.895 million (2025) | |
| €60.484 million (2025) | |
| Total assets |  €5.844 billion (2025) |
Number of employees | 1,137 |
| Website | www |
Artea Bank is a major commercial bank in Lithuania providing retail and commercial banking services.[2][3]
It has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[4]
History
[edit]Artea Bank was established in 1992.[2] The bank took over assets from Ūkio bankas totaling LTL2,7 billion in 2013, for which the European Bank for Reconstruction and Development (EBRD) granted the bank a loan of LTL69 million.[5][6]
As of 2018[update] the largest shareholder of the company was the EBRD, owing 26% of the company's stock after converting loans to the bank into shares.[2][7] In 2021, 18% of the Banks shares held by the EBRD were sold to Invalda INVL, Nord Security and ME investija.[8]
The bank merged Invalda INVL and its retail business in 2023, creating a new company headed by the former INVL Investment Management director.[9][10]
Since 1994 (in Secondary List) and since 2006 (in Main List), the company is listed in Nasdaq Vilnius.[2] In 2022, the bank reported a profit of over €63 million and a loan portfolio of €2.6 billion.[11]
On May 7, 2025, the general shareholders' meeting decided to change the name to Artea.[12]
See also
[edit]References
[edit]- ↑ "Financial statements and management report" (PDF). artea.lt.
- 1 2 3 4 "Šiaulių bankas | Company — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 25 April 2021.
- ↑ "Decision of the Court regarding a fine imposed on Šiaulių bankas". Yahoo Finance. December 29, 2022.
- ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ↑ "Šiaulių bankas perima dalį Ūkio banko turto ir įsipareigojimų". Kauno diena (in Lithuanian). 2013-02-24. Retrieved 2024-04-11.
- ↑ Aukštuolytė, Rima. "Šiaulių bankas užbaigė Ūkio banko perėmimą". vz.lt (in Lithuanian). Retrieved 2024-04-11.
- ↑ "EBRD moves to convert the loan to shares in Lithuania's Šiaulių Bankas". Retrieved 2024-04-11.
- ↑ "EBRD reduces stake in Lithuania's Šiaulių Bankas". Retrieved 2024-05-22.
- ↑ "Šiaulių bankas ir "Invalda INVL" baigė susijungimą, sandorio vertė – 41,8 mln. eurų". lrt.lt (in Lithuanian). 2023-11-30. Retrieved 2024-05-22.
- ↑ "Šiaulių Bankas and Invalda INVL completed merger of retail businesses". Delfi EN. Retrieved 2024-05-22.
- ↑ "Šiaulių Bankas Group results for the year 2022". Šiaulių bankas. Retrieved 2024-05-22.
- ↑ ""Artea" tapusi Šiaulių banko grupė per penkmetį klientų skaičių sieks išauginti iki 1 MLN". 5 May 2025.