AB SEB Bankas is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

. It is the Lithuanian

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of one of the largest

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

banks, the

SEB Group Skandinaviska Enskilda Banken AB (, abbreviated SEB, is a northern European financial services group headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, ...

History

It was registered as a public company in the Enterprise Register of the Republic of

on 29 November 1990 as ''Spaudos bankas'', which was soon renamed as ''AB Vilniaus bankas''. Vilnaus bankas introduced the first

Visa Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

credit card to Lithuania in 1993 and launched the first

ATM machines An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...

in Lithuania in 1995. Vilnaus bankas signed a strategic cooperation agreement with

of Sweden in 1998 and fully rebranded itself after said Swedish parent company in 2008.

Structure

SEB Bank’s

corporate group A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concep ...

in Lithuania includes SEB Bank as well as its subsidiary company SEB Investicijų Valdymas, a fully owned subsidiary engaged in provision of

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

services, Other SEB-owned entities operating in Lithuania are: * SEB Gyvybės Draudimas, a life insurance company, * Litectus, a real estate management company * Skandinaviska Enskilda Banken AB, Vilnius Branch, a shared service center of the SEB Group established on 6 October 2008 in Vilnius, providing back office services (operations, IT, HR and finance) to SEB units worldwide. The largest shareholder of SEB Bank is

Skandinaviska Enskilda Banken Skandinaviska Enskilda Banken AB (, abbreviated SEB, is a northern European financial services group headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, ...

, owning 100 percent of the bank’s shares.

External links

AB SEB bankas
Banks of Lithuania Banks established in 1990 Companies based in Vilnius Lithuanian companies established in 1990 {{Lithuania-company-stub

History

Structure

See also

External links