Private company
Lithuanian credit institution
Urbo bankas (UAB) is a Lithuanian bank that provides consumer loans, mortgages and business loans. The company is headquartered in Vilnius, Lithuania. In 2025, China’s Ministry of Commerce sanctioned the bank as retaliation for European sanctions brought against a Chinese regional bank in relation to supporting Russia’s war effort.2 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
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Urbo bankas (UAB) is a Lithuanian bank that provides consumer loans, mortgages and business loans. The company is headquartered in Vilnius, Lithuania.2
The bank started as Medicinos bankas on 24th November 1992 in Vilnius, Lithuania.
On 1 February 2024, the bank changed its name to Urbo bankas.
In 2026, the main shareholders were Konstantinas Karos, holding 90.13%, and Western Petroleum Limited, holding 6.61%, own shares acquired by the bank 3,26%
From Wikipedia’s article on Urbo Bankas, shared under CC BY-SA 4.0.3
On August 13, 2025, China’s Ministry of Commerce announced sanctions against URBO Bankas and Mano Bankas, banning them from engaging in any transactions or cooperation with Chinese individuals or organizations. China characterized the move as retaliation for the EU’s sanctions on two regional Chinese banks (Heihe Rural Commercial Bank and Heilongjiang Suifenhe Rural Commercial Bank), which were included in the EU’s July sanctions package targeting entities supporting Russia’s war effort. On August 14, 2025, the European Union urged China to revoke the sanctions on URBO Bankas, labelling them as "unjustified and baseless". The EU stressed that URBO Bankas has no operations or presence in China, making the sanctions largely symbolic.
From Wikipedia’s article on Urbo Bankas, shared under CC BY-SA 4.0.3
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