Medicinos Bankas

What Medicinos Bankas does

Medicinos Bankas is a privately held Lithuanian bank founded in 1992 and headquartered in Vilnius, operating commercially under the brand 'Urbo'. It provides a full-service retail and commercial banking franchise to individuals, SMEs, larger corporate clients, and the agricultural sector, with all operations conducted domestically in Lithuania under Bank of Lithuania supervision. The product portfolio spans consumer loans (up to EUR 30,000), home mortgages (up to EUR 1,000,000), term and savings deposits, business loans and credit lines (up to EUR 2,000,000), leasing, factoring, letters of credit, guarantees, payment cards, currency exchange, and e-commerce payment collection. A dedicated agricultural lending offering is supported through the ILTE partnership, providing access to EU-backed programs such as the Open Credit Fund 3, portfolio guarantees, and shared-risk loans.

The bank is built on a digital-first delivery model layered on top of a traditional Lithuanian branch network. Digital infrastructure includes an internet banking platform (ibs.urbo.lt), native iOS and Android mobile applications, a self-service loan application portal (paraiska.urbo.lt), QR code payment acceptance, Google Pay and Apple Pay integrations, and a developer-facing banking API platform (developers.urbo.lt) intended to support fintech and third-party integrations. Distribution combines physical branches, self-serve digital channels, and direct sales for business and merchant customers, with content marketing and social media (LinkedIn, Facebook) supporting top-of-funnel acquisition.

Revenue is generated primarily through net interest income on the lending book (home, consumer, business, and agricultural loans), deposit interest spreads, transaction and payment fees, leasing income, and trade finance fees. Pricing is published transparently, with illustrative examples such as a 4.65% variable rate on a 25-year EUR 85,000 home loan, a 10.25% rate on a 60-month EUR 10,000 consumer loan, and 3.2% on 12-month internet term deposits. The bank discloses bond issuance as part of its funding mix, indicating reliance on wholesale capital in addition to customer deposits.

Name

Medicinos Bankas

Legal name

Medicinos Bankas

Website

https://medbank.lt

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

Medicinos Bankas (Urbo) is a privately held Lithuanian bank founded in 1992 that provides retail, SME, corporate, and agricultural banking services through branches, internet and mobile banking, a developer API, and merchant payment products, all within Lithuania.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Retail banking services
• Commercial lending
• Agricultural financing
• Digital banking
• Trade finance

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Lending: Primary revenue from interest charged on home loans, consumer loans, business loans, and agricultural credit facilities. Variable and fixed rate products generating recurring interest income.
2. Transaction and Payment Fees: Fees from payment processing, wire transfers, direct payments, currency exchange, and payment card transactions
3. Deposit Interest Spread: Revenue generated from spread between interest paid on deposits (3.2% for 12-month term deposits) and interest earned on loans
4. Leasing and Financial Services: Equipment and vehicle leasing services for business clients generating lease payments and associated fees
5. Trade Finance Services: Factoring, guarantees, documentary collection, and letter of credit services for business clients

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Medicinos Bankas (operating as Urbo) is a licensed Lithuanian commercial bank providing retail and corporate banking services including savings accounts, term deposits, consumer and home loans, business financing (investment loans, credit lines, leasing), trade finance (factoring, letters of credit, guarantees), payment cards, internet and mobile banking, and specialized agricultural lending backed by the ILTE program. It serves both private individuals and SMEs/corporates in Lithuania through a branch network combined with digital channels.

Product overview

Medicinos Bankas (Urbo) operates as a digital-focused Lithuanian bank offering a unified banking platform with comprehensive products for both private individuals and business clients. The core offerings include consumer loans (up to 30,000 EUR), home mortgages (up to 1,000,000 EUR), and term/savings deposits. For business customers, the bank provides investment loans, credit lines, leasing, and trade financing including factoring and letters of credit. The digital banking services encompass e-banking, payment cards, and digital wallets (Google Pay, Apple Pay). Additional services include specialized agricultural financing through EU programs (ILTE), merchant payment solutions for e-commerce, and service plans. The product portfolio operates as an integrated platform where retail and business banking services share infrastructure, with credit calculators and loan application systems serving as common touchpoints across product lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Vartojimo paskola (Consumer Loan) Consumer loan for personal financing needs up to 30,000 EUR (up to 15,000 EUR available in cash), with interest rates from 10.00% to 20.00% annually and terms from 6 to 84 months. Targeted at private individuals for personal purchases and needs.
• Paskola būstui (Home Loan) Mortgage loan for purchasing real estate, supporting amounts from 10,000 to 1,000,000 EUR with terms from 1 to 30 years and variable annual rate example of 4.65%. Requires property mortgage as collateral. Targeted at private individuals purchasing housing.
• Terminuotieji indėliai (Term Deposits) Time deposits for savings with competitive interest rates, offering 3.2% for 12-month internet deposits. Available for both private individuals and business customers.
• Kaupiamieji indėliai (Savings Deposits) Accumulation savings deposits designed for long-term savings goals. Targeted at private individuals building savings over time.
• E. bankininkystė (E-Banking) Internet banking platform for managing accounts, payments, transfers, deposits, and loan applications online. Accessible at ibs.urbo.lt for both private individuals and business clients.
• Mokėjimo kortelės (Payment Cards) Debit and credit cards for everyday transactions and cash withdrawals, available to both private individuals and business clients.
• Verslo paskolos (Business Loans) Comprehensive business financing solutions including investment loans, credit lines, leasing, and working capital loans, with maximum amounts up to 2,000,000 EUR. Targeted at SMEs and corporate clients.
• Kredito linija (Business Credit Line) Revolving credit facility for businesses providing flexible access to financing as needed. Targeted at SMEs and corporate clients with working capital needs.
• Lizingas verslui (Business Leasing) Leasing solutions enabling businesses to acquire equipment and vehicles with flexible terms. Maximum amounts up to 2,000,000 EUR over terms up to 84 months. Targeted at SMEs and corporate clients.
• Faktoringas (Factoring) Invoice factoring services for trade financing and improved cash flow management. Targeted at business clients needing working capital tied up in receivables.
• Akredityvai (Letters of Credit) Documentary credit services for international trade transactions. Targeted at business clients engaged in import/export activities.
• Paskolos žemės ūkiui (Agricultural Loans) Specialized financing for agriculture including investment credits, land purchase, equipment acquisition, and operating loans. Targeted at farmers and agricultural enterprises with seasonal and capital-intensive financing needs.
• Paslaugų planai (Service Plans) Banking service packages including the 'Sumanus' plan where the bank pays the customer for usage. Available for both private and business customers.
• Įmokų surinkimas el. parduotuvėms (E-commerce Payment Collection) Payment collection solutions for e-commerce businesses enabling fast, reliable checkout and simple integration. Targeted at online merchants.
• Atsiskaitymai QR kodu (QR Code Payments) QR code-based payment acceptance service for merchants enabling customers to make payments through the bank's platform. Targeted at merchants seeking contactless payment options.
• Kortelių skaitytuvai (Card Readers) Point-of-sale card payment terminals for business merchants. Targeted at physical retail merchants accepting card payments.
• Finansavimas su ILTE (ILTE Financing) EU-supported financing programs including Open Credit Fund 3, portfolio guarantees, individual guarantees, agricultural guarantees, and shared-risk loans. Targeted at businesses, especially in the agricultural sector, seeking government-backed financing.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Luminor Bank: Baltic-headquartered universal bank serving retail, SME, and corporate customers across Lithuania, Latvia, and Estonia. Directly comparable in product breadth and SME trade-finance capabilities.
• Citadele banka (Lithuania): Baltic universal bank with Lithuanian operations offering retail, SME, and corporate banking. Comparable by region and product mix, though smaller market share in Lithuania.
• Šiaulių Bankas: Lithuanian commercial bank offering retail and SME lending, deposits, and trade finance. Most directly comparable domestic peer by scale, market, and product mix, though larger and publicly listed.
• Bigbank: Estonia-headquartered consumer and SME lender active in Lithuania, with a product mix centered on deposits and consumer credit — directly overlapping with Medicinos Bankas's retail lending business.

Emerging players

• Paysera: Lithuanian fintech offering payments, e-money accounts, and merchant acquiring services. Adjacent competitor for Lithuanian SMEs and digital-native customers, particularly in e-commerce payment collection.
• Revolut Bank (Lithuania): UK-headquartered neobank with a licensed EU bank entity in Lithuania, offering retail current accounts and payments. Competes for digital-native Lithuanian deposit and payment customers.
• Inbank: Estonian fintech-bank offering consumer loans, deposits, and partner financing across the Baltics. Comparable by retail-credit focus and digital acquisition model, though smaller balance sheet.

Broad incumbents

• Swedbank Lithuania: Lithuanian arm of Swedbank Group, another dominant Baltic universal bank. Competes head-to-head with Medicinos Bankas in retail deposits, mortgages, and SME lending, with the scale advantages of a Nordic parent.
• SEB Bank Lithuania: Lithuanian subsidiary of SEB Group, the largest bank in the Baltics. Broad incumbent competing across the same retail, mortgage, and business banking lines as Medicinos Bankas, but with significantly larger capital base.

Regional players

• Coop Pank: Estonia-based retail and SME bank expanding across the Baltics. Similar deposit-and-lending business model with digital-first distribution, though primarily serves Estonian retail customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Urbobankas
• LinkedInlt.linkedin.com/company/urbo-bankas

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medicinos Bankas