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Private company

Šiaulių bankas, AB

Logo: AB „Artea“ bankas, Public domain, via Wikimedia Commons4

Major commercial bank in Lithuania

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.2 It was founded by Zenonas Eimutis Sabalys.1 It is headquartered in Šiauliai.1 It employed 481 people in 2012.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Feb 4, 1992Founded1
  • Industryfinancial services1
  • HeadquartersŠiauliai1
  • Websitewww.artea.lt
  • Legal formpublic limited liability company1
  • LEI549300TK038P6EV4YU513
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressTilžės g. 149, 76348 Šiauliai, Lithuania3
  • Registered withState Enterprise Centre of Registers, 1120252543

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Artea bankas
Photo: Saulius jarmalis, CC BY-SA 4.0, via Wikimedia Commons6

Artea Bank is a major commercial bank in Lithuania providing retail and commercial banking services.2

Corporate structure

Šiaulių bankas, AB sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Šiaulių bankas, AB Šiauliai, Lithuania
    • UAB Artea lizingas Subsidiary · 100% · Kaunas, Lithuania

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

The story

Founded by Zenonas Eimutis Sabalys on Feb 4, 1992.1

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.

From Wikipedia’s article on Artea Bank, shared under CC BY-SA 4.0.5

Leadership

Who has led Šiaulių bankas, AB, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • retail banking

Listed on Wikidata.1

Employees over time

  • 20124811

Timeline

  1. Feb 4, 1992Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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