Commerzbank, Pekao notify authorities of plans to operate in Lithuania
Germany’s Commerzbank and Poland’s Pekao have informed Lithuanian and their countries’ supervisory authorities of their plans to operate in Lithuania, Gediminas Šimkus, board chairman of the Bank of Lithuania, said on Tuesday.
According to Šimkus, neither bank requires a license to operate in Lithuania as they already operate in the EU, and they only need a strategy to launch their operations in the country.
