Question 1

What is SME Bank?

Accepted Answer

SME Bank (UAB SME Bank) is an innovative digital bank in Lithuania specializing in providing financing and banking services to small and medium-sized enterprises. As a neobank focused exclusively on business clients, SME Bank leverages technology to simplify access to financing for local SMEs. The bank is licensed and regulated by the European Central Bank and operates across multiple European markets.

Question 2

When was SME Bank founded?

Accepted Answer

SME Bank was founded on August 5, 2019, in Vilnius, Lithuania. The bank was created with the specific mission of addressing the limited access to financing that small and medium enterprises face. In 2021, the bank obtained its full banking license from the Bank of Lithuania and the European Central Bank, allowing it to expand operations beyond Lithuania.

Question 3

Where is SME Bank headquartered?

Accepted Answer

SME Bank is headquartered in Vilnius at Antano Tumėno g. 4-15. The bank's operations are based in Lithuania's capital, which serves as the hub for its digital banking platform and business operations.

Question 4

Where does SME Bank operate?

Accepted Answer

SME Bank operates in Lithuania and has expanded to multiple European countries including Latvia, Estonia, Finland, and the Netherlands. Within Lithuania, the bank serves businesses throughout the country through its fully digital platform, eliminating geographical barriers. The bank's digital-first approach allows it to serve SMEs regardless of their location, industry, or annual turnover.

Question 5

What services does SME Bank offer?

Accepted Answer

SME Bank provides a comprehensive range of digital banking and financing services including:
• Business current accounts and deposit accounts
• Time deposit accounts with competitive interest rates (2.00-2.65%)
• Business loans and growth financing solutions
• Online banking system and mobile application
• Fast financing decisions (within one day)
• Flexible and individualized financing solutions
• Digital account management 24/7
• Services focused on sustainability, innovation, and digitalization initiatives

The bank operates entirely through digital channels, with no physical branch network.

Question 6

What makes SME Bank unique?

Accepted Answer

SME Bank distinguishes itself as a specialized neobank designed exclusively for business clients, particularly small and medium enterprises. The bank's unique value proposition includes one-day financing decisions, minimal documentation requirements, and a fully digital application process.

In 2023, SME Bank partnered with the European Investment Fund under the InvestEU programme to guarantee over €37 million in new loans for micro and small enterprises. This partnership supports businesses in sustainability, innovation, digitalization, and microfinance sectors. The bank's commitment to leveraging technology makes it more flexible, less bureaucratic, and faster than traditional banking institutions.

Question 7

What type of financial institution is SME Bank?

Accepted Answer

SME Bank is a credit institution (Kreditų įstaiga) under Lithuanian law, licensed by the European Central Bank. In Lithuania's banking system, it operates as a specialized digital bank focusing on SME banking and financing services.

The bank is categorized as a neobank, representing a new generation of fully digital financial institutions that prioritize technology-driven solutions and customer-centric approaches to business banking.

Question 8

How large is SME Bank?

Accepted Answer

As of 2024, SME Bank ranked as the 8th largest bank in Lithuania by total assets, with 184.44 million EUR in total assets representing a 0.30% market share. The bank experienced significant growth with assets increasing by 57.32% in 2024. SME Bank employs approximately 87 people and serves businesses across multiple European markets from its Lithuanian base.

SME Bank

in Lithuania 🇱🇹

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About SME Bank in Lithuania