Artea Bank

Artea Bank is a Lithuanian commercial bank providing retail and commercial banking services. Established in 1992, it developed into a significant participant in Lithuania's banking sector and has been publicly listed on Nasdaq Vilnius since the 1990s. The company joined the exchange's Secondary List in 1994 and moved to the Main List in 2006. A major turning point came in 2013, when the bank took over assets from Ūkio bankas with a reported value of approximately LTL 2.7 billion. The transaction was supported by a LTL 69 million loan from the European Bank for Reconstruction and Development (EBRD). The EBRD subsequently became an important shareholder. By 2018, it held approximately 26% of the bank's shares after converting loans to the institution into equity. The shareholder structure changed again in 2021, when the EBRD sold an 18% holding to Invalda INVL, Nord Security and ME Investicija. The bank later expanded its relationship with Invalda INVL. In 2023, it merged Invalda INVL and its retail business, creating a new company under leadership associated with the former director of INVL Investment Management. The transaction connected the bank more closely with investment-management and wealth-related activities while retaining its core banking role. Artea Bank has also operated within the framework of European Banking Supervision. In 2019, it was designated a Significant Institution under the criteria used by European banking authorities and consequently came under direct supervision from the European Central Bank. This status reflects the bank's systemic relevance within the Lithuanian and European banking framework. In 2022, the bank reported profit of more than €63 million and a loan portfolio of approximately €2.6 billion. On 7 May 2025, the general meeting of shareholders approved changing the company's name to Artea. The rebranding marked the bank's transition to its current identity. Its business remains centered on banking services for individuals and companies in Lithuania, with the available reference material identifying retail banking, commercial banking, lending and related financial services as its principal areas.

Artea Bank was established in Lithuania in 1992 and became a publicly traded banking company during the country's post-independence development of a modern financial system. It entered the Secondary List of Nasdaq Vilnius in 1994 and later moved to the exchange's Main List in 2006, giving the institution a long-standing public-market presence. The bank's scale and strategic importance increased substantially in 2013, when it took over assets from Ūkio bankas totaling about LTL 2.7 billion. The transaction was accompanied by a LTL 69 million loan from the European Bank for Reconstruction and Development. Financing arrangements connected to the transaction later resulted in the EBRD becoming a significant shareholder. By 2018, the EBRD held approximately 26% of the company's shares after converting loans to the bank into equity. Ownership evolved in 2021. The EBRD sold an 18% stake to a group consisting of Invalda INVL, Nord Security and ME Investicija. The transaction introduced new strategic shareholders and preceded a broader combination involving Invalda INVL. In 2023, the bank merged Invalda INVL and its retail business. The resulting company was headed by an individual who had previously led INVL Investment Management, although the available material does not identify that person's name. In parallel with these ownership and business changes, the bank became more closely integrated into the European supervisory framework. In 2019, it was designated a Significant Institution under the criteria of European Banking Supervision. As a result, direct supervision transferred to the European Central Bank rather than remaining solely with national authorities. The bank reported profit of more than €63 million in 2022 and a loan portfolio of approximately €2.6 billion. These figures indicate a substantial domestic banking operation, although the available source does not provide a complete breakdown of revenue, assets, customers or geographic activity. The institution's described business covers retail and commercial banking, including lending and other standard banking services. On 7 May 2025, the general shareholders' meeting decided to change the company's name to Artea. The name change represents the latest identifiable stage in the bank's corporate and brand development. The available reference material does not specify a separate parent company, ultimate owner, chief executive or standalone consumer website for the Artea brand.

1. 2025Name changed to Artea

   The general shareholders' meeting approved the change of the company's name to Artea on 7 May 2025.

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2. 2023Merged with Invalda INVL and its retail business

   The bank completed a merger involving Invalda INVL and its retail business.

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3. 2022Reported annual profit above €63 million

   The bank reported profit of more than €63 million and a loan portfolio of approximately €2.6 billion.

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4. 2021EBRD reduced its shareholding

   The EBRD sold an 18% holding to Invalda INVL, Nord Security and ME Investicija.

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5. 2019Recognized as a Significant Institution

   The bank was designated a Significant Institution and became directly supervised by the European Central Bank.

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6. 2013Took over Ūkio bankas assets

   The bank took over assets from Ūkio bankas valued at approximately LTL 2.7 billion, with EBRD financing support.

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7. 2006Moved to Nasdaq Vilnius Main List

   The company's securities moved from the Secondary List to the Main List.

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8. 1994Listed on Nasdaq Vilnius Secondary List

   The company began trading on the exchange's Secondary List.

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9. 1992Bank established

   The institution was established in Lithuania.

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A significant Lithuanian commercial bank combining retail and business banking with a publicly listed ownership structure and direct supervision by the European Central Bank.

• Retail bankingBanking services

  Services for individual customers, including ordinary banking relationships and consumer-oriented financial products. The available material identifies retail banking as one of the bank's principal business areas but does not provide a detailed product catalogue.

• Commercial bankingBanking services

  Banking services for companies and other commercial customers, including financing and account-related services. Commercial banking is a core part of the institution's role as a major Lithuanian bank.

• Loans and creditLending

  Credit products form a substantial part of the bank's balance sheet. The bank reported a loan portfolio of approximately €2.6 billion in 2022, although the available material does not separate consumer, mortgage and corporate lending.

• 2025Corporate name change to ArteaStrategy

  The bank adopted a new corporate brand following its earlier ownership and business developments.

  What changed. Shareholders approved changing the company's name to Artea at the general meeting held on 7 May 2025.

  Aftermath. Artea became the bank's current public-facing name. The available source does not describe the detailed brand strategy or rollout.

  Source
• 2023Merger with Invalda INVL and its retail businessM&A

  Following the 2021 ownership changes, the bank pursued a closer combination with Invalda INVL and its retail activities.

  What changed. The bank merged Invalda INVL and its retail business into a new company.

  Aftermath. The combined company was headed by a former INVL Investment Management director, whose identity is not specified in the available material.

  Source
• 2021EBRD shareholding saleM&A

  The EBRD had become a substantial shareholder after converting loans to the bank into shares.

  What changed. The EBRD sold an 18% holding to Invalda INVL, Nord Security and ME Investicija.

  Aftermath. The sale brought new strategic shareholders into the ownership structure and preceded the later combination with Invalda INVL.

  Source
• 2013Takeover of Ūkio bankas assetsM&A

  The bank expanded its asset base by taking over assets from Ūkio bankas.

  What changed. It took over assets reported at approximately LTL 2.7 billion, supported by a LTL 69 million EBRD loan.

  Aftermath. The transaction increased the bank's scale and contributed to the EBRD becoming a major shareholder through subsequent loan-to-equity conversion.

  Assets taken over. LTL 2.7 billion in transferred assets (2013)

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• 2025Shareholders approve Artea Bank name change

  At the general shareholders' meeting on 7 May 2025, shareholders approved changing the bank's name to Artea.

  Leadership changeOther
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• 2023Artea Bank merges with Invalda INVL and its retail business

  The bank merged Invalda INVL and its retail business, creating a new company with leadership connected to the former INVL Investment Management director.

  M&A
  Source
• 2021EBRD sells part of its Artea Bank shareholding

  The EBRD sold an 18% holding in the bank to Invalda INVL, Nord Security and ME Investicija.

  M&A
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• 2019Artea Bank designated a Significant Institution under European Banking Supervision

  Artea Bank was designated a Significant Institution and became subject to direct supervision by the European Central Bank.

  Regulation
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1. Artea Bank