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| Formerly | Vilniaus bankas SEB Vilniaus bankas |
|---|---|
| Company type | Subsidiary |
| Founded | 29 November 1990 |
| Owner | SEB Group (100%) |
AB SEB Bankas is a commercial bank in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish banks, the SEB Group.
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.
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.
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