September 30, 2016 7:15 AM ET

Banks

Company Overview of AB SEB bankas

Company Overview

AB SEB bankas provides various financial products and services in the Republic of Lithuania. The company offers saving and investing products, such as term and savings deposits, bonds, government saving notes, structured investment instruments, investment funds, exchange-traded funds, shares, and repurchase agreements, periodic savings and investment products, as well as pension savings, and online investment products. It also provides mortgage, home equity, and consumer loans; loans for the renovation of multi apartment buildings; investment and business development, working capital, agriculture, and trade financing products; debit and credit cards; and car, freight vehicle, equipment and s...

Gedimino avenue 12

Vilnius,  01103

Lithuania

Founded in 1856

1,648 Employees

Phone:

370 85 268 2800

Fax:

370 85 268 2333

Key Executives for AB SEB bankas

Chairman of Management Board, Chief Executive Officer and President
Age: 57
Chairman of Supervisory Council and Head of SEB Baltic Division
Age: 38
Chief Financial Officer, Head of Business Support Division, Vice President and Member of Management Board
Age: 43
Head of Corporate Banking Division, Vice President and Member of Management Board
Age: 40
Chief Credit Officer, Vice President and Member of Management Board
Age: 58
Compensation as of Fiscal Year 2016.

AB SEB bankas Key Developments

AB SEB bankas Announces Unaudited Group and Parent Earnings Results Six Months Ended June 30, 2016

AB SEB bankas announced unaudited group and parent earnings results six months ended June 30, 2016. For the six months, on group basis, the company reported net interest income of EUR 41,737,000 compared to EUR 39,303,000 a year ago. Profit before income tax was EUR 51,817,000 compared to EUR 37,924,000 a year ago. Profit attributable to owners of the bank was EUR 43,137,000 compared to EUR 32,689,000 a year ago. Net cash used in operating activities after income tax was EUR 9,823,000 compared to net cash from operating activities after income tax of EUR 515,666,000 a year ago. Earnings per share were EUR 2.79. Book value per share as on June 30, 2016 was EUR 48.29 against EUR 52.09 as on December 31, 2015. Return on assets was EUR 1.25%. Return on equity was 11.35%. For the six months, on parent basis, the company reported net interest income of EUR 41,716,000 compared to EUR 39,296,000 a year ago. Profit before income tax was EUR 53,546,000 compared to EUR 42,010,000 a year ago. Profit attributable to owners of the bank was EUR 45,076,000 compared to EUR 36,901,000 a year ago. Net cash used in operating activities after income tax was EUR 13,426,000 compared to net cash from operating activities after income tax of EUR 526,147,000 a year ago. Earnings per share were EUR 2.92. Book value per share was EUR 48.15. Return on assets was EUR 1.30%. Return on equity was 11.91%.

SEB Bank Announces Changes to its Board

On September 22, 2016 SEB Bank’s Supervisory Council has resolved to revoke Virginijus Doveika, who has been appointed as Head of Retail in SEB Baltic Division, from the Management Board of the Bank and elect Vaidas Žagunis as a new member of the Management Board, providing that Vaidas Žagunis will take up board member’s duties after receiving permission of the authorities supervising activities of the Bank.

SEB Bankas Group Reports Consolidated and Parent Earnings Results for the Half Year of 2016

SEB Bankas Group reported consolidated and parent earnings results for the half year of 2016. For the period, the bank reported EUR 43.1 million net profits, up 31.8% from EUR 32.7 million. On parent basis, the bank increased its first-half net profit by 22.2% to EUR 45.1 million, from EUR 36.9 million.

Similar Private Companies By Industry

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Recent Private Companies Transactions

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