Mano Bank
Key Data
- Trading Name: Mano Bank/mano.bank
- Legal Entity: AB Mano Bankas
- Activities: Digital Bank
- Location: Lithuania
- Regulations: regulated by the Bank of Lithuania
- Key People: Giedre Blazgiene
- Latest news: Mano Bank
- Latest update: October 2024
Mano Bank is a Lithuanian-based digital bank offering services for private, business, and fintech clients. Established in 2018, it holds a specialized banking license and provides services like loans, deposits, payments, and account management. The bank is known for its focus on providing personalized attention, quick and unbureaucratic service, and supporting international transfers via SWIFT, SEPA, and TARGET2. It also partners with the European Investment Fund to expand credit lines.
Offering
Mano Bank offers a wide range of financial products and services for private, business, and fintech clients. Their offerings include:
For Private Clients:
- Mortgage Loans: With flexible terms, funding up to 85% of property value, and personalized interest rates
- Consumer and Collateral Loans
- Deposits and Accounts Management
- Leasing Options
For Business Clients:
- Business Loans.
- Card Acquiring Services.
- Payments, Deposits, and Leasing Solutions.
For Fintechs:
- Correspondent Banking and Payment Services.
- Specialized Accounts and Deposits.
Serving Industries
Mano Bank serves a variety of industries, with a strong focus on supporting small and medium-sized enterprises (SMEs), creative industries, and businesses involved in climate-related and sustainability projects. Specifically, the bank has partnered with the European Investment Fund (EIF) to offer €70 million in credit lines, allocating €25 million to help SMEs counter the impact of the pandemic and another €25 million for climate adaptation projects. Additionally, €15 million is designated for creative industries, including publishing, audiovisual arts, video gaming, and radio and television.
Deposit Guarantee
Mano Bank participates in the deposit guarantee scheme of Lithuania which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
Countries of operations
Mano Bank offers their savings products in Lithuania.
Key People
- Giedrė Blazgienė – Chief Executive Officer (CEO) and Board Member
- Vytautas Olšauskas – Chairman of the Board
- Vytautas Jonas Lapienis – Co-Founder and Board Member
- Andrius Popovas – Chief Risk Officer (CRO) and Board Member
- Aurimas Putna – Board Member and Head of Credit
Regulation
Mano Bankas AB is a bank holding a specialised bank license whose activities are supervised and controlled by the Bank of Lithuania.
Customer Reviews
- Trustpilot: 4,2 Stars with 7+ Reviews
- Kritischer Anleger: 4,8 Stars with 300+ Reviews
Conclusion and Rating
We rate Mano Bank as “green” both from a compliance and customer perspective, as it meets all required criteria. Compliance-wise, the bank adheres to all regulatory standards and shows no signs of issues related to money laundering or other regulatory breaches. The management team is experienced, and there is strong risk oversight from board members. From a customer standpoint, reviews are predominantly positive, highlighting service quality, ease of use, and the availability of a broad range of services. Overall, there are no red flags that would suggest anything other than a positive rating
