Artea Bank

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

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 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

• List of banks in the euro area
• List of banks in Lithuania