40 Y Old European Banking Financial Institution

Zurich, Lithuania


Asking Price: Annual Revenue:
$130,000,000 $19,000,000

Services: Financial, Accounting, Insurance


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RE: 40 Y Old European Banking Financial Institution Broker: MergersCorp M&A International

Quick Facts

Asking Price: $130,000,000
Annual Revenue: $19,000,000
Net Profit: Not Disclosed
Cash Flow: $8,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $3,175,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 203260186
Broker Reference #: L#2020046

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Business Overview:

EU bank could be purchased, as part of a group of operating financial companies. The ownership would consider offers starting at EUR 130 million for the entire group. The group is fully functional and consists of the following separate entities:

1992 Lithuanian bank (full ‘A’ bank license, with SWIFT and full spectrum of bank authorisations);
40 year old Swiss wealth management and fiduciary company;
Mastercard credit card processing company;
ISO certified automated AML system company;
Multi-level banking platform connected to core banking system, with ability to issue bank accounts, debit cards, loans, CRM for managing customers/users.

Included with Sale

The selling group is fully functional and integrated and consists of:

The Lithuanian bank
-A licensed Swiss asset management company, est. in 1976, licensed in 2018
-A Mastercard credit card processing company.
-ISO certified automated AML system company
-Multi-level banking platform connected to core banking system, with ability to issue bank accounts, debit cards, loans, CRM for managing customers/users.

Notes

The Group is not related by shareholding, but all have agreed to sell at the price.

This bank is the main bank for currency exchange in Lithuania. There are more than 50 locations for retail banking. 120 employees.

The current value is EUR 400 million with loans of EUR 350 million. The real value is EUR 52 million. The bank has cash of about 12 million and earned net profit of circa EUR 8 million in 2019.

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Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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