The Swedbank group is the highest-valued company in the Baltic states. The company's worth grew 22 percent over the last year to reach EUR 3.9bn. It tops the list of the ten highest-valued companies in Lithuania, Latvia and Estonia.
© DELFI / Mindaugas Ažušilis

Companies operating in the Baltic market have been assessed by the investment banking consultancy Prudentia and Nasdaq Riga, according to a press release by the credit bureau Creditinfo.

Second on the list is the SEB Bank group whose worth has grown 19 percent compared to last year and stands at EUR 1.9bn. Number three is Estonia's Tallink Grupp, which lost 12 percent of its value over the year and is now worth EUR 1.6bn.

Maxima group, operator of the Maxima grocery chain, is the highest-ranked Lithuanian company on the list, at the fifth spot. The Baltic top 10 includes two more Lithuanian companies, Lithuanian Railways (7th spot) and Lithuanian energy (8th spot).

"Highest-valued companies have a huge impact on the economy, its potential and creation of jobs. It's natural to see three banks in the list. By financing businesses and collecting deposits from people, credit institutions play an important role in furthering economic development. Therefore the worth of financial institutions grows along with the economy. And vice-versa - by financing business, credit institutions further GDP growth," says Creditinfo CEO Andrius Bogdanovičius.

Three Lithuanian names among top 10 highest-valued companies in Baltics

Lithuania post's one of largest drop in agricultural output in EU

The drop in agricultural output in Lithuania in 2018 was the largest among EU member states,...

Central banker says establishing state bank would be costly

While the emergence of a new player in the Lithuanian banking market would be welcome, establishing...

Vasiliauskas calls on MPs to turn to ECB over banking tax

Vitas Vasiliauskas , board chairman of the central Bank of Lithuania , has called on lawmakers to...

Fake or true: your coffee might contain grounded cockroaches (2)

In past months some global media shocked their readers by claiming that grounded coffee might...

Nauseda: state bank shouldn’t be taboo

The existing situation in the Lithuanian banking market makes one to start thinking about the...