Lithuania

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Lithuania

Location: Northern Europe

Capital: Vilnius

Population (2017): 2 847 904

Status: joined UN in 1991, member of EU and NATO since 2004, member of the European Council

Currency: Currency: EUR (Euro)

Official languages: Lithuanian (official), Russian, Polish, Belarusian

Deposit guarantee: 100 000 EUR

Did you know?

Lithuania is the geographical centre of Europe, which is marked in the Park of Europe, near Vilnius.

There are more hot air balloons per head of population in Lithuania than in any other country.

Lithuanian is one of the oldest language spoken today in the world and the closest to ancient Sanskrit.

Lithuania is the only country in the world with its own official scent called the Scent Of Lithuania.

Back in the 15th century, The Grand Duchy of Lithuania was one of the biggest countries in Europe, that included present Lithuania, Ukraine, Belarus, and some territories from Russia and Poland.

Lithuania is the largest and southternmost of the three Baltic countries.
It was a powerful empire that dominated much of eastern Europe in the 14th–16th centuries before becoming part of the Polish-Lithuanian Lithuanian Commonwealth, that lasted over two centuries.

The country has a high-income economy. The largest industry sectors are: oil refinement, electronics, technology, manufacturing and traditional agriculture.

Lithuanian banking sector is relatively small, highly concentrated, with high share of foreign capital and is dominated by Scandinavian banks, all supervised directly by the European Central Bank jointly with bank of Lithuania experts. The banks are providing a wide range of retails services, financial services, leasing and insurance services.

Based on the latest World Bank annual ratings, Lithuania is ranked 16 out of 190 countries in the ease of doing business. And according to the Global Competitiveness Report 2017-2018 of the World Economic Forum, Lithuania is the 41 most competitive country in the world out of 137 countries.

Key features

Payment bank account in EUR, with dedicated IBAN

Account funding via bank transfer/ bitcoin/ credit card

Online platform for Internet Banking

No limits for transfers

MasterCard debit cards

Mobile application