AB SEB bankas

AB SEB bankas is a universal commercial bank in Lithuania and a subsidiary of Skandinaviska Enskilda Banken AB (publ) of Sweden. It provides retail, corporate, and investment banking services and is one of the largest financial institutions in the Lithuanian market.

Company Overview

Legal name: AB SEB bankas
Founding date: The bank traces its origins to 1990 with the establishment of Vilniaus bankas; it became part of SEB Group in 2000 and adopted the current name in 2008.
Headquarters: Konstitucijos pr. 24, LT-08105 Vilnius, Lithuania
Industry sector: Banking and financial services (retail and corporate banking, investment services)

Legal Information

Įmonės kodas (Company code): 112021238 (source: Lithuanian business registry listings)
PVM kodas (VAT code): LT112021238 (as listed in public company directories; financial services are largely VAT-exempt, but the company maintains a VAT registration for taxable activities)
Official website: https://www.seb.lt
General email address: info@seb.lt (general customer information channel)
Registered office address: Konstitucijos pr. 24, LT-08105 Vilnius, Lithuania
Main phone number: +370 5 268 2800 (general information and customer service)

Note: Some banks in Lithuania prioritize secure messaging via internet banking over email for customer-specific inquiries; AB SEB bankas provides a general information email and encourages customers to use authenticated channels for account-related matters.

Business Operations

Main products and services:
- Retail banking: current and savings accounts, payment services, cards, consumer loans, mortgage lending, online and mobile banking.
- Corporate banking: business accounts, working capital finance, investment loans, trade finance (letters of credit, guarantees), cash management, merchant acquiring.
- Markets and investment services: investment advisory, custody, securities brokerage, FX and interest rate products.
- Asset management and pensions: offered through SEB Group companies in Lithuania (e.g., SEB Investicijų valdymas, SEB Life and Pension Insurance UAB).
- Leasing and factoring: financing solutions for equipment, vehicles, and receivables.

Business model: Universal bank focused on retail and corporate clients, leveraging SEB Group’s capital strength, risk management, and technology platforms. The bank emphasizes digital channels (internet bank, mobile app, Smart-ID authentication), consultative advisory for SMEs and corporates, and sustainability-linked financing.

Market position: AB SEB bankas is routinely among the top three banks in Lithuania by loans and deposits, alongside Swedbank and Luminor. The bank serves nationwide retail customers, SMEs, and large corporates, including exporters and infrastructure projects.

History

- 1990: Vilniaus bankas (Vilnius Bank) is established following Lithuania’s re-independence and banking sector reforms.
- 1998–2000: SEB Group acquires a controlling stake in Vilniaus bankas; integration into SEB’s Baltic strategy begins.
- 2004: The bank adopts the name SEB Vilniaus bankas reflecting its alignment with SEB Group.
- 2008: Rebranded to AB SEB bankas, consolidating SEB identity across the Baltic region.
- 2010s: Accelerated digitalization, rollout of advanced internet and mobile banking, and participation in pan-Baltic infrastructure (e.g., instant payments, enhanced card services).
- 2020s: Expansion of sustainability-linked lending, green mortgages, and support for energy transition projects; continued investment in cybersecurity and customer experience.

Financial Information

Revenue and profitability: AB SEB bankas publishes annual audited financial statements. Like other Lithuanian banks, profitability increased in 2022–2024 due to higher interest rates and net interest income. Exact annual revenue and net profit figures should be taken from the latest audited report.

Funding rounds: Not applicable; AB SEB bankas is a wholly owned subsidiary of Skandinaviska Enskilda Banken AB (publ). Capital adequacy is maintained through retained earnings and group support.

Ownership structure: 100% owned by Skandinaviska Enskilda Banken AB (publ), Sweden (SEB Group). Lithuanian subsidiaries and affiliates in asset management and life/pension insurance operate within SEB’s Baltic organizational framework.

Sources for financials: Annual reports and disclosures on https://www.seb.lt and SEB Group publications.

Leadership and Management

Vadovai (Executives):
- Laima Vaitkunskienė – President and Chair of the Management Board (General Manager)
- Other management board members and senior executives oversee Retail Banking, Corporate Banking, Risk, Finance, Operations/IT, and Compliance. Exact names and roles may change and should be confirmed against the latest corporate governance disclosures.

Board and governance:
- Management Board (Valdyba): Responsible for day-to-day management, strategy execution, and risk governance.
- Supervisory body / oversight: Representatives appointed by SEB Group provide oversight aligned with Lithuanian banking regulations and SEB’s global standards.
Note: The full, current list of board members (valdybos nariai) and supervisory representatives is published in the bank’s annual report and on the corporate governance page of the official website.

Office Locations

Registered head office:
Konstitucijos pr. 24, LT-08105 Vilnius, Lithuania
Tel.: +370 5 268 2800

Customer service network:
AB SEB bankas operates advisory and customer service units in major Lithuanian cities (e.g., Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Alytus, Marijampolė, Telšiai, Tauragė, Utena, Mažeikiai). Over the past decade, the bank has consolidated physical branches and shifted many services to digital channels.

Important: Specific branch addresses and direct phone numbers are subject to change and are not consistently published in static sources. The most accurate, up-to-date list of office locations with their contact numbers is maintained on the official website’s “Kontaktai” page: https://www.seb.lt/kontaktai.

Market Position

Competitors: Swedbank, Luminor Bank AS (Lithuania branch), Šiaulių bankas, Citadele Bank (Lithuania branch), Revolut Bank UAB (digital bank), along with niche lenders and fintechs in payments and consumer finance.

Market share: SEB is among the top three banks by loans and deposits in Lithuania. Precise market share figures vary by segment and are reported periodically by the Bank of Lithuania.

Competitive advantages:
- Strong parent support and international expertise from SEB Group.
- Comprehensive universal banking offering for individuals, SMEs, and corporates.
- Advanced digital banking platforms and secure authentication (e.g., Smart-ID, mobile app).
- Focus on sustainability and green financing products.
- Established risk management frameworks and capital strength.

Recent Developments

- Expansion of sustainability-linked financing, including green mortgages and loans supporting energy efficiency and renewable projects.
- Continuous enhancement of mobile and internet banking, instant payment capabilities, and cybersecurity measures.
- Strong financial performance in 2022–2024 due to interest rate environment, accompanied by discussions on sector taxation and contributions to public funds (industry-wide context).

Note: For the latest news, see SEB Lithuania’s news section and local business media.

Contact Information

General contacts:
- Tel.: +370 5 268 2800 (customer service)
- Email: info@seb.lt
- Website: https://www.seb.lt
- Registered address: Konstitucijos pr. 24, LT-08105 Vilnius, Lithuania

Customer support channels:
- Internet Bank and Mobile App (secure messaging)
- “Kontaktai” page with branch details: https://www.seb.lt/kontaktai

Sources and References

- Official website of AB SEB bankas: https://www.seb.lt
- Contacts (branch information and phone numbers): https://www.seb.lt/kontaktai
- SEB Group – information about operations in Lithuania: https://www.sebgroup.com/about-seb/in-lithuania
- Bank of Lithuania (market data and list of licensed banks): https://www.lb.lt/en/banks
- Lithuanian business directory (company legal data, codes, address): https://rekvizitai.vz.lt/imone/ab_seb_bankas/
- Annual reports and financial disclosures (see the “Apie SEB” / “Finansiniai rezultatai” section on the official website): https://www.seb.lt/apie-seb

Disclaimer: Certain granular details (e.g., exact list of branch addresses and direct phone numbers, real-time market share percentages, and most current management board composition) are updated frequently. Where specific data was not publicly verifiable at the time of writing, readers should consult the official website and the latest annual report for authoritative, up-to-date information.