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 co ...

in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish 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 Lithuania on 29 November 1990 as ''Spaudos bankas'', which was soon renamed as ''AB Vilniaus bankas''. Vilnaus bankas introduced the first Visa credit card to Lithuania in 1993 and launched the first ATM machines 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 concept ...

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 instit ...

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