Global Finance Selected SEB Vilniaus Bankas the Best Consumer Internet Bank in Lithuania (07 09 2006)

Global Finance, an international business and financial markets magazine, announced winners in the World’s Best Internet Banks competition, among award winners in Central and Eastern Europe selecting SEB Vilniaus Bankas as the Best Consumer Internet Bank in Lithuania.  

The main criteria based on which Global Finance assessed online services offered by banks included strength of their strategy for attracting and servicing online customers, success in getting clients to use web offerings, evidence of tangible benefits gained from Internet initiatives, and website design and functionality. Global Finance performed the assessment of banks in cooperation with experts of consultancy company Tata Concultancy Services Ltd.

“The award will serve as an impetus for further development of our internet banking. At the same time, it evidences that our efforts to upgrade our online offerings a year ago were concentrated towards the right direction,” said Vytautas Sinius, Head of Retail Banking of SEB Vilniaus Bankas. 

V. Sinius went on to say that one of SEB Vilniaus Bankas’ key objectives is to ensure top and most versatile services for Internet users in Lithuania that are rapidly growing in number, so that the use of online banking services would become an inseparable part of an individual’s daily life.  

Global Finance publisher Joseph D. Giarraputo pointed out that over less than a decade the Internet has transformed the way many consumers and most business bank. He said that continuing improvements in Internet offerings reflected in this year’s entries show that more significant Internet banking developments are still ahead of us.

Global Finance award for the Best Integrated Consumer Bank Site among banks in Central and Eastern Europe went to Citigroup.

Global Finance magazine exists since the year 1987 and has about 50 thousand subscribers and about 285 thousand readers in 160 countries worldwide, mainly chief executives of companies and institutions as well as financial experts.