Šiaulių bankas

Last updated
Artea Bank
Company type Public company
Nasdaq Baltic:  SAB1L
IndustryFinancial services
Founded4 February 1992;33 years ago (1992-02-04)
Headquarters
Šiauliai
,
Lithuania
Key people
Vytautas Sinius
(Chairman and CEO)
Donatas Savickas
(Deputy Chairman and CEO; CFO)
Products Retail banking, mortgage loans, corporate banking
RevenueIncrease2.svg €160.2 million (2024) [1]
Decrease2.svg €107.3 million (2024)
Increase2.svg €78.8 million (2024)
Total assets Increase2.svg €4.923 billion (2024)
Number of employees
1,137
Website www.artea.lt

Artea Bank is a major commercial bank in Lithuania providing retail and commercial banking services. [2] [3]

Contents

It has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank. [4]

History

Artea Bank was established in 1992. [2] The bank took over assets from Ūkio bankas totaling LTL2,7 billion in 2013, for which the European Bank for Reconstruction and Development (EBRD) granted the bank a loan of LTL69 million. [5] [6]

As of 2018 the largest shareholder of the company was the EBRD, owing 26% of the company's stock after converting loans to the bank into shares. [2] [7] In 2021, 18% of the Banks shares held by the EBRD were sold to Invalda INVL, Nord Security and ME investija. [8]

The bank merged Invalda INVL and its retail business in 2023, creating a new company headed by the former INVL Investment Management director. [9] [10]

Since 1994 (in Secondary List) and since 2006 (in Main List), the company is listed in Nasdaq Vilnius. [2] In 2022, the bank reported a profit of over €63 million and a loan portfolio of €2.6 billion. [11]

On May 7, 2025, the general shareholders' meeting decided to change the name to Artea. [12]

Significant shareholders

As of 30 September 2024 [13]

According to the company's bylaws, all shareholders are required to keep the package of their stakes at a maximum of 20 percent. This led to Invalda donating some of their shares to Butkus & Kateiva to keep their stake under the threshold. [14]

References

  1. ↑ "Annual report of Šiaulių bankas AB and the bank's Group for FY 2024" (PDF). Šiaulių Bankas. 4 March 2025. Retrieved 14 August 2025.
  2. 1 2 3 4 "Šiaulių bankas | Company — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 25 April 2021.
  3. ↑ "Decision of the Court regarding a fine imposed on Šiaulių bankas". Yahoo Finance. December 29, 2022.
  4. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. ↑ "Šiaulių bankas perima dalį Ūkio banko turto ir įsipareigojimų". Kauno diena (in Lithuanian). 2013-02-24. Retrieved 2024-04-11.
  6. ↑ Aukštuolytė, Rima. "Šiaulių bankas užbaigė Ūkio banko perėmimą". vz.lt (in Lithuanian). Retrieved 2024-04-11.
  7. ↑ "EBRD moves to convert the loan to shares in Lithuania's Šiaulių Bankas" . Retrieved 2024-04-11.
  8. ↑ "EBRD reduces stake in Lithuania's Šiaulių Bankas" . Retrieved 2024-05-22.
  9. ↑ "Šiaulių bankas ir „Invalda INVL" baigė susijungimą, sandorio vertė – 41,8 mln. eurų". lrt.lt (in Lithuanian). 2023-11-30. Retrieved 2024-05-22.
  10. ↑ "Šiaulių Bankas and Invalda INVL completed merger of retail businesses". Delfi EN. Retrieved 2024-05-22.
  11. ↑ "Šiaulių Bankas Group results for the year 2022". Šiaulių bankas. Retrieved 2024-05-22.
  12. ↑
  13. ↑ https://www.sb.lt/lt/investuotojams/vertybiniai-popieriai/informacija-apie-akcininkus
  14. ↑ https://www.15min.lt/verslas/naujiena/finansai/invalda-invl-nedaug-siauliu-banko-akciju-pardave-a-butkui-ir-g-kateivai-662-2213414
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