Estonia plans to let banks halt transfers they suspect are fraudulent and alert authorities, aiming to slow surging phone and investment fraud. The Ministry of Finance is submitting a bill to a coordination round this week that would allow banks to freeze payments showing signs of fraud and notify policy, the Information System Authority (RIA)…
Swedbank earned the largest profit among banks operating in Lithuania in the first nine months of 2025, posting net earnings of 261.5 million euros, down by 1% YoY, central bank data showed. Profits at other major banks also declined. SEB’s profit fell by 8.5%, to 218.4 million euros, while Artea’s dropped by 24%, to 48.3…
Iute Group, a banking group founded in Estonia, has won Ukraine’s state-organized tender to create a digital bank. Final approval will be given later this month. Iute has won Ukraine’s state-organized tender conducted by Deposit Guarantee Fund to take over selected assets and deposit liabilities of RWS Bank, a Ukrainian bank with over 30 years…
In 2024, criminals stole a total of EUR 2.3 million from Estonian citizens through bank fraud, while in the first 8 months of 2025 alone, EUR 6.1 million was stolen. The number of fraud cases and the average loss per case have also more than doubled. June saw a record high, as total losses exceeded…
Starting this week, banks in Lithuania and across the eurozone will be required to verify whether a payment recipient’s name matches the account number, in a move aimed at reducing fraud, the Bank of Lithuania says. The check will take only a few seconds, and customers will immediately be notified of the result, officials say.…
UK-based Revolut has become the largest bank in Lithuania in just five years, according to the country’s central bank. But the headline figure, which includes assets from customers outside Lithuania, does not necessarily reflect the full picture of competition in the domestic market. The digital bank’s rapid rise has added new momentum to a sector…
Since the beginning of the public campaign to explain Bulgaria’s adoption of the euro, over BGN 1 billion has flowed into the country’s banking system. The shift appears to be largely driven by growing public awareness and confidence regarding the upcoming currency transition. Banks in Bulgaria were among the first sectors to begin preparing for…