“Girteka Group” continues to invest in expansion - borrows EUR 173 million from "OP Corporate Bank"
The largest logistics group in Lithuania,"Girteka Group", is borrowing EUR 173 million from "OP Corporate Bank’s" Lithuanian branch to finance the expansion of its own vehicle fleet and business operations. This year and in 2026, the company plans to acquire up to 4,000 trucks and trailers annually.
The financing is being provided to two of the group’s companies – UAB "Girteka Group" and UAB "Willgrow".
“This investment will help us ensure the consistent expansion of a more sustainable fleet, maintain high service efficiency and quality, and strengthen our position in the market as the operator of the largest privately-owned fleet in Europe. This strategic preparation for a new stage of the group’s growth in 2026 will be significantly financed by the company’s long-standing financial partner, "OP Corporate Bank",” says Vytenis Šuklys, CFO of "Girteka Group".
According to Šuklys, in the logistics sector it is crucial to maintain flexibility, financial reliability, and the ability to adapt quickly to market changes. These are the main criteria when selecting partners.
“The transportation sector is growing again, making it a favorable time for the market leader to increase investments in its fleet, business development, and environmental impact reduction. Newer trucks meet higher environmental standards, thereby improving the sustainability balance of both the company and the sector as a whole,” says Giedrius Dzenkauskas, Head of Sales at "OP Corporate Bank’s" Lithuanian branch.
Last year, "Girteka Group" transported more than 600,000 full truckloads (FTL) across Europe. The group specializes in the transportation of temperature-sensitive, high-value, and complex cargo, most of it under long-term contracts with international customers. Currently, the group operates more than 6,000 trucks and 7,000 trailers.
"OP Corporate Bank" holds a 21% share of the heavy transport leasing market and is one of the largest business financiers in Lithuania. Its total business loan and leasing portfolio amounts to EUR 1.6 billion. The bank works with large and medium-sized enterprises.
"OP Corporate Bank" is part of Finland’s largest financial group, "OP Financial Group". The bank operates in Finland and the Baltic States.
The cooperation between "OP Corporate Bank" and "Girteka Group" has already lasted thirteen years, with the bank actively financing the expansion of the group’s truck fleet in the past as well.
European road freight transport volumes stabilized last year, and demand growth of 1–2% is forecast for this year. The overall European road freight transport market was valued at EUR 428.2 billion last year.