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Lithuania's banking and finance market is a well-developed and stable sector, with a strong presence of both domestic and international players. The sector is highly regulated by the Bank of Lithuania, which ensures that banks operate in a sound and prudent manner. The Lithuanian banking sector is relatively small, with total assets of around €40 billion as of 2022. However, the sector is growing steadily, with loan growth of around 5% in 2022.
The Lithuanian government procures a wide range of banking and finance products and services, including loans, deposits, investment banking services, and financial consulting services. The government is committed to procuring these products and services in a transparent and competitive manner. In 2022, the Lithuanian government spent around €100 million on banking and finance procurement.
The main banking and finance products and services procured by the Lithuanian government include:
Loans: The government procures loans to finance its budget deficit and to fund capital projects.
Deposits: The government procures deposits from banks to manage its liquidity.
Investment banking services: The government procures investment banking services to help it raise capital and manage its investment portfolio.
Financial consulting services: The government procures financial consulting services to get advice on a wide range of financial matters.
The top authorities for Lithuania banking and finance procurement are:
The Ministry of Finance
The Bank of Lithuania
The Central Purchasing Agency
The top winners of Lithuania banking and finance procurement include:
SEB Bankas
Luminor Bank
Swedbank AB
DNB Nordisk Bank AS
Danske Bank A/S
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