This step is part of the bank's overall strategy through which TBI strengthens its digital footprint in Scandinavia, Baltics and Central Europe. The chosen direction is based on the stable position of the parent company of the bank - 4finance, which has a strong presence in the region and is already established as one of the leading brands in digital lending.
These stable countries with higher living standards offer TBI Bank the opportunity to diversify the portfolio in terms of credit risk and concentration risk. Therefore, taking advantage of the expertise and digital channels of 4finance, entering the Lithuanian market is quite the natural next step for the bank.
In Lithuania, TBI Bank will offer online consumer loans without opening a physical branch. In doing so, the bank will not only diversify its product portfolio, providing its customers with more financial alternatives, but will also build on its position as an international banking service provider.
“The ability to operate in Lithuania is part of our strategy to continuously evolve, as well as to strengthen the digital presence of TBI in different countries on the European market. Thus, we are entering the Baltic region, where synergy between TBI Bank and 4finance will help provide the most appropriate financial services to our clients,” said Valentin Galabov, Chairman of the Board of Trustees of TBI Bank.
TBI Bank strengthens its presence in Europe as it enters Lithuanian market
TBI Bank, one of the fastest growing “phygital” banks in Southeast Europe, operating mainly in Bulgaria, Romania and with banking activities in Germany, Sweden, Denmark and Poland, officially enters the Lithuanian market.tags:
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