Artea Bank

Artea Bank
TypePublic company
Nasdaq Baltic: SAB1L
IndustryFinancial services
Founded4 February 1992; 34 years ago (1992-02-04)
Headquarters
Šiauliai
,
Lithuania
Key peopleVytautas Sinius
(Chairman and CEO)
Donatas Savickas
(Deputy Chairman and CEO; CFO)
ProductsRetail banking, mortgage loans, corporate banking
RevenueDecrease €156.028 million (2025)
Decrease €70.895 million (2025)
Decrease €60.484 million (2025)
Total assetsIncrease €5.844 billion (2025)
OwnerInvalda INVL (19,94%), Tesonet (9,86%), EBRD (7,37%)
Number of employees
1,137
Websitewww.artea.lt

Artea Bank is a major commercial bank in Lithuania providing retail and commercial banking services.

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.

History

Artea Bank was established in 1992. 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.

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. In 2021, 18% of the Banks shares held by the EBRD were sold to Invalda INVL, Nord Security and ME investija.

The bank merged Invalda INVL and its retail business in 2023, creating a new company headed by the former INVL Investment Management director.

Since 1994 (in Secondary List) and since 2006 (in Main List), the company is listed in Nasdaq Vilnius. In 2022, the bank reported a profit of over €63 million and a loan portfolio of €2.6 billion.

On May 7, 2025, the general shareholders' meeting decided to change the name to Artea.

See also

References

  1. ↑ "Financial statements and management report" (PDF). artea.lt.
  2. ↑ "Major Shareholders". Artea. Retrieved 26 August 2026.
  3. 1 2 3 4 "Šiaulių bankas | Company — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 25 April 2021.
  4. ↑ "Decision of the Court regarding a fine imposed on Šiaulių bankas". Yahoo Finance. December 29, 2022.
  5. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  6. ↑ "Šiaulių bankas perima dalį Ūkio banko turto ir įsipareigojimų". Kauno diena (in Lithuanian). 2013-02-24. Retrieved 2024-04-11.
  7. ↑ Aukštuolytė, Rima. "Šiaulių bankas užbaigė Ūkio banko perėmimą". vz.lt (in Lithuanian). Retrieved 2024-04-11.
  8. ↑ "EBRD moves to convert the loan to shares in Lithuania's Šiaulių Bankas". Retrieved 2024-04-11.
  9. ↑ "EBRD reduces stake in Lithuania's Šiaulių Bankas". Retrieved 2024-05-22.
  10. ↑ "Šiaulių bankas ir "Invalda INVL" baigė susijungimą, sandorio vertė – 41,8 mln. eurų". lrt.lt (in Lithuanian). 2023-11-30. Retrieved 2024-05-22.
  11. ↑ "Šiaulių Bankas and Invalda INVL completed merger of retail businesses". Delfi EN. Retrieved 2024-05-22.
  12. ↑ "Šiaulių Bankas Group results for the year 2022". Šiaulių bankas. Retrieved 2024-05-22.
  13. ↑ ""Artea" tapusi Šiaulių banko grupė per penkmetį klientų skaičių sieks išauginti iki 1 MLN". 5 May 2025.