UAE-based Growmore Group acquires Medicinos Bankas, Lithuania’s leading retail bank with assets of US$395 million – ZAWYA

UAE-based Growmore Group acquires Medicinos Bankas, Lithuania’s leading retail bank with assets of US$395 million – ZAWYA

UAE-based Growmore Group acquires Medicinos Bankas, Lithuania's leading retail bank with assets of US$395 million. Dubai, UAE |Vilnius, Lithuania: Growmore Group, a global investment and financial services conglomerate with businesses across the UAE, UK, Switzerland, India and the Caribbean, has entered into an agreement for the strategic acquisition of Medicinos Bankas UAB, a leading retail bank in Lithuania with assets of US$395 million (€355 million).. The acquisition will mark the expansion of Growmore's banking sector investments into the European Union (EU), backed by its expertise in financial services including offshore banking and asset management.. The bank has continuously increased its RoE over the last few years and maintained a conservative loan book by reducing its non-performing assets.. The contents of the press release was provided from an external third party provider.. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release..