SEB banka

Last updated
SEB banka AS
FormerlyLatvijas Unibanka
SEB Latvijas Unibanka
Company type Subsidiary
Founded1993;31 years ago (1993)
Headquarters
Riga   OOjs UI icon edit-ltr-progressive.svg
,
Latvia   OOjs UI icon edit-ltr-progressive.svg
€24.76 mln (2014) [1]
Total assets €3587.86 mln (2014) [1]
Total equity €435.07 mln (2014) [1]
Owner SEB Group (100%)
Website https://seb.lv

SEB banka (formerly Latvijas Unibanka, then SEB Latvijas Unibanka) 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. [2]

Contents

SEB banka 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. [3] [4]

History

The bank was first founded on 29 September 1993 as AS Latvijas Universālā banka ('Universal Bank of Latvia') by combining 21 of the non-privatized branches of the Bank of Latvia after its reorganization. [5] In 1994 it was handed over to the Privatization Agency of Latvia, but in 1995 it was registered as a private joint-stock company (half of the shares belonged to private capital, half - to the Latvian state), and on 12 December 1995 changed its name to Latvijas Unibanka. [6]

In 1996, the shares of Latvijas Unibanka began to be listed on the official list of the Riga Stock Exchange and were acquired by the European Bank for Reconstruction and Development and Swedfund International AB. [5]

During the Russian economic crisis in 1998, Latvijas Unibanka started cooperation with Skandinaviska Enskilda Banken, which became a shareholder on January 5, 1999. By 2000, SEB had become the majority shareholder and launched a bid to grow its share to 98%. In February 2001, Unibanka stopped listing its shares in the Riga Stock Exchange. SEB became the only shareholder in 2004, and on 11 April 2005, it was renamed to SEB Unibanka, and on 7 April 2008 to SEB banka. [5] Until 2008, the bank's branches were named with a 'Uni-' prefix (e.g. Unilīzings for leasing) and its logo was a stylized Möbius strip. [7] [8]

The first headquarters of the bank were located in Pils iela 23 along the Doma Square in Vecrīga, before moving to a new building (SEB finanšu centrs, SEB Financial Center) in Valdlauči, Ķekava Parish, Ķekava Municipality just outside the borders of Riga in 2004. [9] [10]

In 2022, the bank began to scale down its operations in Russia and donated EUR 200,000 to support the Ukrainian people. [11] [12]

Operation

The Management Board of SEB Latvia consists of six people: Chairman of the Management Board Ieva Tetere, Head of Large Corporate Banking Ints Krasts, Head of Retail and SME Banking Arnis Škapars, the Board member responsible for AML and Compliance Māris Larionovs, the Board member responsible for Credit and Risk control Kārlis Danēvičs and Chief Financial Officer Jeļena Cīrule. [13]

Patron of the University of Latvia

SEB banka is a silver patron of the University of Latvia Foundation. SEB has supported the University of Latvia since 2008 by donating to scholarships and forums. [14]

See also

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References

  1. 1 2 3 Bank Profile: SEB banka
  2. ↑ Banku statistika 2018. gada 2. ceturksnī
  3. ↑ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  4. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. 1 2 3 "Vēsture | SEB banka". seb.lv. 2020-01-01. Archived from the original on 2020-01-01. Retrieved 2022-09-03.
  6. ↑ "SEB banka, AS, 40003151743, Previous names". Lursoft. Retrieved 2022-09-03.
  7. ↑ "Unibanka maina nosaukumu" [Unibanka changes its name]. Apollo.lv (in Latvian). 2005-04-07. Retrieved 2022-08-03.
  8. ↑ "'SEB Unibankas' nosaukums turpmāk būs 'SEB banka'". Vipi.tv (in Latvian). 2008-01-26. Retrieved 2022-09-03.
  9. ↑ "SEB banka, AS, 40003151743, Previous addresses". Lursoft. Retrieved 2022-09-03.
  10. ↑ "Contacts | SEB". www.seb.lv. Retrieved 2022-09-03.
  11. ↑ "SEB Bank Says Not Viable to Maintain Operations in Russia". Bloomberg.com. 2022-03-21. Retrieved 2023-05-04.
  12. ↑ "SEB Group in Latvia ended 2022 with positive indicators and an increase in loans issued and retail deposits". baltictimes.com . Retrieved 2023-05-04.
  13. ↑ "Changes in the composition of the Management Board of SEB Latvia". www.baltictimes.com. Retrieved 2023-05-04.
  14. ↑ ""SEB banka"".


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