This list is based on information from Financial and Capital Market commission.[1] Latvia's four largest banks are Swedbank, SEB Group, Citadele Banka and Luminor.[2] In 2023, Swedish Swedbank and SEB Group held more than half of Latvia's banking market.[3][4]
The largest banks and financial institutions in Lithuania, Latvia and Estonia are largely the same and mostly dominated by Swedish companies.[5][6][7]