ESMA Data Shows Lithuania's Surge to 2.5 Million Cross-Border Clients
Source: Fanny Finance Magnates Staff
Lithuania's cross-border retail investment client base surged from roughly 500 in 2022 to over 2.5 million by 2024, making it the second-largest market in Europe behind Germany, according to data from the Bank of Lithuania and ESMA.
The Bank of Lithuania lists only 16 licensed investment firms in the country, but ESMA's peer review follow-up report indicates that nearly all of those clients are linked to a single firm.
The regulator has declined to name the firm, offering only an anonymised and vague description in its filings.
Alongside the client growth, complaints tied to Lithuania's cross-border business rose from zero to more than 1,500 over the same period.
Subscribe Now
