One of the largest banks in the U.S., Citigroup, plans to open an office in the Baltic States, with Lithuania being the most likely location, according to the business portal Verslo zinios, citing Bloomberg.
As reported by Bloomberg, Grant Carson, head of the Global Division of Regionally Managed Countries at the bank, stated that this decision reflects the growing attention of international financial institutions to the Baltic region due to increased defense investments.
The new office will operate as a regional center serving clients not only in Lithuania but throughout the European Union. The bank intends to engage in activities in the areas of financial markets, public financing, bonds, and central bank liquidity management.
