SEB bankas

Last updated
AB SEB Bankas
FormerlyVilniaus bankas
SEB Vilniaus bankas
Company type Subsidiary
Founded29 November 1990;33 years ago (1990-11-29)
Owner SEB Group (100%)
SEB headquarters in Vilnius, Lithuania SEB Vilnius by Augustas Didzgalvis.jpg
SEB headquarters in Vilnius, Lithuania
SEB shared services center in Vilnius, Lithuania Technopolis Nova by Augustas Didzgalvis.jpg
SEB shared services center in Vilnius, Lithuania

AB SEB Bankas is a commercial bank in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish banks, the SEB Group.

Contents

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. Vilniaus bankas introduced the first Visa credit card to Lithuania in 1993 and launched the first ATM machines in Lithuania in 1995. Vilniaus bankas signed a strategic cooperation agreement with SEB Group of Sweden in 1998 and fully rebranded itself after said Swedish parent company in 2008.[ citation needed ]

AB SEB bankas has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [1] [2]

There are AB SEB bankas and other SEB group companies operating in Lithuania, namely:

The largest shareholder of SEB Bank is Skandinaviska Enskilda Banken, owning 100 percent of the bank’s shares.

See also

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">SEB Group</span> Swedish financial group for corporate customers

Skandinaviska Enskilda Banken AB, abbreviated SEB, is a Swedish bank headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, Germany, and the United Kingdom, the bank's operations are focused on corporate and investment banking services to corporate and institutional clients. The bank was founded in 1972 by the Swedish Wallenberg family, which is still SEB's largest shareholder through major investment company Investor AB. SEB is the largest Swedish bank by both market capitalisation and total assets.

Skandinaviska Banken was a Swedish bank founded in Gothenburg, 1864. Its foundation coincided with the political aspirations of the Scandinavian movement, which sought to unite Sweden, Norway and Denmark into a single kingdom. Even if these aspirations came to naught, there was a Scandinavian Monetary Union, with a common currency, and a union between Sweden and Norway, that the bank potentially would be able to exploit.

Hansa Group or Hansabank Group was a banking group operating in Estonia, Latvia, and Lithuania owned by the FöreningsSparbanken/Swedbank, a Swedish bank. Following a decision taken by the Swedbank group on 15 September 2008, the name Hansapank/Hansabanka/Hansabankas or Hansabank internationally was discontinued end of 2008 with all operations rebranded under the Swedbank name. The legal name of the bank changed in spring 2009.

<span class="mw-page-title-main">SEB Pank</span> Company based in Estonia

SEB Pank is an Estonian bank, owned by the Swedish bank SEB. SEB is the second largest bank in Estonia and is a member of the international SEB Group. Until 11 April 2005 the name of the bank was Eesti Ühispank, which was originally founded in 1992 from a merger of 10 smaller banks. On 7 March 2008, the bank changed its name to SEB Pank.

<span class="mw-page-title-main">SEB banka</span> Latvian subsidiary of Skandinaviska Enskilda Banken

SEB banka is one of the largest banks in Latvia and a part of the Swedish SEB Group. Nowadays, its main rivals in the Latvian banking market are Swedbank, Luminor and Citadele bank.

<span class="mw-page-title-main">Danske Bank</span> Bank headquartered in Denmark

Danske Bank A/S is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail customers. Danske Bank was number 454 on the Fortune Global 500 list for 2011. The largest shareholder with 21% of the share capital is A.P. Moller Holding, the investment holding company of the Maersk family.

The Wallenberg family is a prominent Swedish family renowned as bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, like Ericsson, Electrolux, ABB, SAS Group, SKF, AIK, Atlas Copco, Saab AB, and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market.

<span class="mw-page-title-main">Stockholms Enskilda Bank</span> Swedish bank (1856- 1972)

Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank. In 1857, Stockholms Enskilda Bank began to employ women, claiming to be the first bank to do.

Seb or SEB may refer to:

<span class="mw-page-title-main">Vilniaus prekyba</span>

Vilniaus prekyba is the largest Lithuanian group of private companies operating since 1992, with 47,000 employees in six countries.

<span class="mw-page-title-main">S-Bank</span> Finnish cooperative retail banking organization

S-Bank Plc is a Finnish retail bank and wealth manager. It is owned by SOK Corporation and the regional co-operatives in the S-Group, a Finnish retailing cooperative organisation.

Bank of Åland Plc is a Finnish commercial bank and banking group with over 700 employees and operations in Åland, Finland and Sweden. The bank was founded in 1919 and was listed on the stock exchange in 1942. Its president and CEO is Peter Wiklöf.

<span class="mw-page-title-main">Jöns Peter Hemberg</span>

Jöns Peter Hemberg (1763–1834) was a Swedish banker and member of parliament. He founded Skånes Enskilda Bank in 1830, together with Gustav Berghman, and Gustaf Hagerman, which later merged with Skandinaviska Kreditaktiebolaget.

<span class="mw-page-title-main">DSK Hyp</span> German subsidiary of Skandinaviska Enskilda Banken

DSK Deutsch-Skandinavische Verwaltungs AG is the German subsidiary of one of the largest Swedish banks, the Skandinaviska Enskilda Banken (SEB).

FriherreCarl Jacob Palmstierna was a Swedish banker. He was CEO of Skandinaviska Enskilda Banken (SEB) from 1976 to 1989.

Šiaulių bankas is a major commercial bank in Lithuania providing retail and commercial banking services.

References

  1. "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  2. "List of supervised entities" (PDF). European Central Bank. 1 January 2023.