Revolut can now move part of its Lithuanian bank to its new French bank. The European Central Bank (ECB) has approved the transfer, LRT reported.

Some assets and liabilities of Revolut Bank UAB will pass to Revolut Bank S.A. in Paris.

According to a notice from the Bank of Lithuania, the ECB gave its approval on 22 October.

The notice was filed with the national Centre of Registers on 6 November. The transfer is due to close between 2 and 5 December.

Revolut Bank S.A. received its licence in early August. It is expected to serve clients in France, Germany, Ireland, Italy, Portugal and Spain.

Revolut Bank UAB, licensed since 2021, will continue to serve clients in the rest of the European Economic Area (EEA).

The group told the news agency BNS that it began to plan the move of some clients once it held the French licence.

It said the change will not affect its staff in Lithuania or its clients. Its plans to grow and add new services in Lithuania and the wider region stay in place, the group added.

The step follows a plan first set out in May 2025. At that time, Revolut named Paris as the head office for Western Europe, while keeping its base in Lithuania.

It also said Lithuania would remain its main hub for growth in Europe.

Featured image: Edited by Fintech News Switzerland, based on image by Revolut via its website.