We provided advisory services to the largest Polish bank, PKO Bank Polski (PKO PB), in establishing a representative office in Lithuania.
According to Marek Radzikowski, the bank’s vice-president responsible for operations and international banking, PKO PB’s strategy involves opening eight new foreign units by 2027: four branches and four representative offices. In choosing Lithuania, the bank considered a wide range of indicators, from macroeconomic to microeconomic, and analysed the activities of companies operating in these markets.
PKO PB is a leading financial institution in its home market in terms of the scale of its operations, equity, loans and savings, the number of its customers, and the size of distribution network.
The Lithuanian authorities stressed that the arrival of a Polish bank would mean more competition, new opportunities, and greater confidence in the Lithuanian economy.
Our team and services
We advised the client on all legal matters relating to the establishment of a representative office in Lithuania. This included providing a comprehensive analysis of the Lithuanian legal environment and regulatory questions, as well as assisting with corporate law and employment-related matters.
The team was led by counsel Vitalija Impolevičienė and included partners Augustas Klezys, Tomas Kontautas and Evaldas Dūdonis; counsels Agnietė Venckienė, Karolis Kunigėlis and Stasys Drazdauskas; and associates Radvilė Kvederaitė, Grėta Šumskytė, Izabelė Šekaitė and Beatričė Zubytė.
