Deutsche Bank mulls opening service centre in Lithuania

By bne IntelliNews November 15, 2023

Deutsche Bank, Germany’s largest commercial bank, is weighing options to open a service centre in Lithuania, several sources from different institutions have confirmed to BNS, a Lithuanian newswire, and, the website of Lithuanian public broadcaster LRT, reported on November 14.

According to these sources, the bank’s representatives visited Vilnius in mid-October, where they met with representatives of the president’s office, the Ministry of Economy and Innovation and the government’s FDI promotion agency Invest Lithuania. The Germans were presented with investment opportunities and looked around for a suitable office.

Deutsche Bank is choosing between two to three countries to host their service centre, according to the sources.

President Gitanas Nauseda met with Deutsche Bank’s managing director for North and East Joerg Bongartz and European Affairs representative Lothar Meenen in Berlin last April to discuss the bank’s potential plans for Lithuania.

Nauseda said that the progress of the Lithuanian IT sector and the market that is not saturated with global business services are encouraging foreign investors to establish and expand IT, services and analytics centres in Lithuania, BNS and said.

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