Lithuania: New players to enter banking market in 2024: central bank

New players will enter the Lithuanian banking market in 2024, Simonas Krepsta, board member of the Bank of Lithuania, announced, BNS reports. Speaking in an interview with LRT, Krepsta said that Polish banks had contacted Lithuanian regulators and the business community. He noted that the Lithuanian banking sector was “exceptionally profitable.” Earlier, Poland’s Bank Pekao confirmed that it intended to launch operations in Lithuania. Also, Gediminas Simkus, governor of the Bank of Lithuania, revealed that a Taiwanese bank was interested in the possibility of opening a bank in Lithuania.