WALLESS Advised AS Inbank on Obtaining Authorisation to Open a Bank Branch in Lithuania

The Bank of Lithuania granted the Estonian bank AS Inbank authorisation to establish a bank branch and provide financial services in Lithuania.

Establishing a branch in Lithuania is a result of a cross-border merger between Inbank and Mokilizingas, a Lithuanian consumer credit company acquired by Inbank in May 2018. WALLESS team consisting of Partner Gediminas Rečiūnas, Senior Associate Alina Makovska and Associate Akvilė Marozaitė are assisting Inbank.

Estonian bank Inbank intends to establish the branch already this year. Inbank branch plans to provide various financial services in Lithuania, including accepting deposits and lending.