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About SEB

History

Year 2013

  • AB "SEB lizingas" has completed its activities and was finally incorporated into SEB Bankas which took over the entire assets, rights and functions of the company "SEB lizingas". The purpose of the reorganization is to make sure that clients are offered the best services meeting their requirements in one place - the bank.
  • SEB bankas introduced free of charge reminder service to its customers: reminders are sent by SMS, e-mail, e-banking system to clients regarding upcoming expiration dates of payment cards, time deposit agreements and other mostly used services.
  • On the financial literacy date for children, an online test for schoolchildren "How to find your way in the world of finance?" was organized by SEB bankas.
  • SEB has launched a new employee engagement project called Volunteer. The aim is to create a community of volunteers inside the organisation, to encourage employees to try and experience what volunteering is and to join the ranks of the volunteers within SEB organisation.

Year 2012

  • SEB bankas and television TV3 organised the 10th annual Dream Comes True Campaign, the largets charity project in Lithuania.
  • SEB Enskilda Corporate Finance announced that the company will focus its business on the Nordic and German markets and will withdraw from its activities in the Baltic countries.
  • SEB in Lithuania introduced daily banking service plans for companies.
  • SEB offered a new solution Baltic Online to business clients for organising their financial matters in the Baltic.
  • SEB bankas offered its customers to receive new debit cards by post.
  • SEB launched a new financial instrument in Lithuania – structured notes
  • SSE Riga Sustainable Business Centre was opened created by the Stockholm School of Economics in Riga (SSE Riga) with support provided by SEB in the Baltic countries
  • SEB in Lithuania started communication on Facebook
  • A special finance advisory model for SMEs introduced
  • E-signature and mobile e-signature was introduced for SEB customers.
  • SEB bankas was the first in Lithuania to start advising its private individual customers by phone on daily banking issues round-the-clock.
  • A new service Financial Planner introduced to serve SEB private customers for better management of personal finances
  • SEB bankas introduced co-branded debit card "SEB Mylimiausia MasterCard"
  • The network of self service zones was expanded in Lithuania

Year 2011

  • SEB bankas has offered its customers to receive renewed debit cards by post.
  • SEB bankas introduced novelty in the market: daily service plans for fixed monthly fee.
  • SEB bankas has completed the information systems integration – debit card holders are provided with more possibilities.
  • SEB bankas has transferred all shares of its subsidiary company UAB "SEB Enskilda" to "Skandinaviska Enskilda Banken AB (publ)", the parent company of SEB bankas.

Year 2010

  • SEB bankas has successfully launched its new core banking IT system.
  • SEB bankas signed its first collective agreement with employees.
  • Private limited company UAB "SEB lizingas" has changed its legal status and became public limited company AB "SEB lizingas".
  • SEB bankas has assigned all shares of its subsidiary company UAB Litectus to company Warehold B.V., a member of SEB Group.
  • SEB bankas has assigned all shares of UAB "SEB gyvybės draudimas" to SEB Group life insurance company SEB Trygg Liv Holding AB.

Year 2009

  • Julita Varanauskienė, a household economist of SEB in Lithuania published the first financial novel in Lithuania "The Money Tree".
  • M&A market magazine "ACQ Finance" being published in Great Britain elected company SEB Enskilda the Best M&A House in Lithuania.
  • After implementation of a new leasing business model, any lease agreement may be signed at any branch of SEB bankas.
  • After SEB Group restructured business management and coordination in Lithuania, Latvia and Estonia, a new division called SEB Baltic, which is responsible for the above activities, is established.
  • "Global Finance" elected SEB bankas the Best FX Bank/House in Lithuania, No.1 within Trade Finance in Lithuania and the Best Internet Bank for Retail and Corporate Customers.
  • SEB bankas started issuing only chip payment cards.
  • SEB bankas was named the Most Attractive Employer in Lithuania in 2009.
  • SEB established a specialised real estate management company UAB "Litectus" in Lithuania.

Year 2008

  • SEB bankas changed its name (former name – SEB Vilniaus Bankas) and completed its name change procedure that lasted more than two years and strengthened its membership in SEB - international financial group. Names of the bank branches, subsidiaries and representative offices were changed too.
  • SEB Group moved a number of its functions to Lithuania by establishing SEB shared service center in Vilnius (legal name "Skandinaviska Enskilda Banken AB" Vilniaus filialas).
  • SEB bankas was elected the most respected company through elections of the "Most respected company in Lithuania", organised by independent experts for the first time in Lithuania.
  • SEB bankas received recognition from international experts: The Best Bank of the Year in Lithuania, The Best Equities House in Lithuania, No. 1 within Trade Finance, The Best and Safest Internet Bank in Lithuania and The Best Broker in the Baltic Stock Exchanges ("The Banker", "Euromoney", "Global Finance", OMX).
  • SEB was among the three most attractive employers in Lithuania according to "Verslo Žinios", "TNS Gallup" and cv.lt survey.

Year 2007

  • SEB Vilniaus Bankas received the Best Bank of the Year in Lithuania award for its results from "Global Finance" and "The Banker". "Global Finance" elected the bank the Best Internet Bank and Best FX Bank/House in Lithuania. "Euromoney" awarded SEB Group with the title of the Best Real Estate Financial Services in the Nordic and Baltic region.
  • Based on information of EPSI rating, SEB Vilniaus Bankas received the best valuation from Lithuanian citizens.
  • In 2007, SEB Vilniaus Bankas won prize of the most attractive employer in Lithuania. The reputation of the most attractive employer was identified through the survey of "TNS Gallup", public opinion and market research company and also through election organised by the career portal cv.lt and daily "Verslo Žinios".
  • SEB Vilniaus Bankas was awarded for its corporate social responsibility, i.e., the Bank received Swedish Business Awards 2007, and also Corporate Citizen Award from the U.S. – Baltic Foundation for development of the Corporate Social Responsibility Policy and proactive stimulation of business development in Lithuania.
  • The Bank offered a large number of novelties to private individuals/ retail clients: the Bank was the first to introduce individual design card "Mano Visa", mortgage loan and consumer loan repayment insurance, a card for students and school children that has no analogue in the country developed in cooperation with international organisation ISIC, more services for the Internet Banking system users on weekends and during other non-working days, opportunity to submit credit application and to revise leasing agreements via the Internet.
  • Number of orders via the Internet Banking System per month reached 1 million.
  • Customer service network in Lithuania was expanded and reached 72.
  • Decision to finalise the Bank name change procedure in 2008 was adopted. Names of the Bank subsidiaries such as SEB Enskilda (former name SEB Vilfima), SEB Venture Capital (former name SEB Rizikos kapitalo valdymas) were changed in 2007 too.
  • The Bank in cooperation with its partners started business initiative "SEB Business Art" in Lithuania.
  • Seeking to concentrate capital and engage in the main banking activity, the Bank finalised selling of the real estate owned in Lithuania. Shares of company SEB VB nekilnojamasis that was engaged in SEB Vilniaus Bankas’ asset management were sold to Homburg Invest Inc. Group. SEB Vilniaus Bankas continues to rent premises in a large number of sold buildings.

Year 2006

  • International rating agency FitchRatings approved SEB Vilniaus Bankas’ long-term credit rating of investment grade A.
  • The number of the Bank's active customers has exceeded 1 million.
  • SEB Vilniaus Bankas has ceded rights, shares and relevant obligations of Ukrainian Bank Agio to the SEB Group.
  • SEB Vilniaus Bankas performance ratios have been acknowledged by well-known banking journals Global Finance and Euromoney. They have awarded the Bank with the title of The Best Bank of 2006 in Lithuania. Moreover, Global Finance announced the Bank to be the Best Internet Bank and the Best FX Bank in Lithuania.
  • The survey carried out by TNS Gallup, public opinion Poll Company, in 2006 showed that SEB Vilniaus Bankas is considered to be the most attractive employer in Lithuania.
  • The Bank has offered a wide range of new products and services, such as exclusive private banking services; investment manager consultancy services to help the customer to select the most suitable individual investment solution; the unique secure mortgage, which enables to reduce the financial risk; banking services via mobile phone; the new on-line securities trading system.
  • SEB Vilniaus Bankas was an active participant of Mažeikių Nafta purchase deal. The deal is considered to be the largest deal in the history of Lithuania. Its worth was over LTL 6 billion.

Year 2005

  • With the acquisition of Bank Agio in Ukraine, SEB (Skandinaviska Enskilda Banken) started the Group’s development in the Eastern European markets.
  • On 18 April, Vilniaus Bankas AB changed its name to SEB Vilniaus Bankas.
  • A new modern system of services via the Internet was introduced, replacing "VB Internetas" system.
  • In October, an annual meeting of members of the Council of Trustees of international organisation Mentor Foundation, among whose founders is SEB Vilniaus Bankas, took place in Lithuania. The meeting was attended by Her Majesty Queen of Sweden Silvia – President of the organisation, His Royal Highness Prince of Saudi Arabia Turki bin Talal bin Abdul Aziz al Saud, also, by the world’s outstanding representatives of business, fashion and science community. Charity events arranged on the occasion contributed towards the implementation of the organisation’s mission to achieve that the younger generation would be more sober and happier.
  • FitchRatings twice approved the ratings assigned to the bank in 2004, which are the highest ones among those assigned to banks in Lithuania.
  • Euromoney awarded SEB Vilniaus Bankas with the title of the Best Bank, the Best Debt House, the Best Equities House in Lithuania. Global Finance awarded the bank with the titles of the Best Bank of the Year 2005 and the Best FX Bank of the Year 2005 in Lithuania, also, SEB Vilniaus Bankas won a nomination from Deutsche Bank for especially high quality of international money transfers. Euromoney selected SEB Vilfima to be the Best M&A House in Lithuania.
  • Issue of all-type chip payment cards of SEB Vilniaus Bankas was started.

Year 2004

  • Fitch Ratings upgraded Vilniaus Bankas’ long-term rating to investment grade rating A, i.e., the highest among the local banks.
  • Modern customer services system implemented, i.e., the Bank branches and sub-branches renovated, services to customers rendered by versatile staff.
  • VB pensija plius, the voluntary pension accumulation funds were established.
  • Vilniaus Bankas was awarded the Best Bank in Lithuania prize by Global Finance, the Bank of the Year 2004 for Lithuania prize by The Banker and the Best Bank in Lithuania prize – by Euromoney.
  • Vilniaus Bankas provided finance to nearly 49 per cent of all major business projects and arranged almost 90 per cent of syndicated loans in Lithuania.
  • SEB Group acquired Codan Life, a life insurance company, and Eurocard, a card issuing business in Denmark.

Year 2003

  • New e-services: mobile banking service VB Mobilinija and investment management via the e-system VB Makleris implemented at Vilniaus Bankas.
  • Upgrading of Vilniaus Bankas’ IT systems, implementation of the Business Operating Model that resulted in improvement of customer services efficiency and speeded up development of the banking services.
  • Euromoney for the fifth year in a row announced Vilniaus Bankas the Best Bank in Lithuania.
  • VB pensija, the additional pension accumulation funds selected by the majority of citizens in Lithuania in 2003 started to function.

Year 2002

  • Board of the Bank of Lithuania issued a licence to VB Būsto kreditų ir obligacijų bankas (Mortgage Bank), a member of Vilniaus Bankas AB.
  • VB nekilnojamasis turtas (Real Estate), a subsidiary company of Vilniaus Bankas started its activities.
  • Specialised Vilniaus Bankas’ Discussion Club on Financial Markets started to function on the Internet.
  • New lending service, i.e., cumulative mortgage loan offered to customers.

Year 2001

  • VB Linija, the Bank service by phone was introduced.
  • Private customers were offered a new form of service – VB Asmeninis bankas.
  • Fitch, the international rating agency, assigned individual rating C/D, support rating 3, upgraded foreign currency long-term rating to BBB- (BBB minus) from BB+ (BB plus) and foreign currency short-term rating to F3 from B to Vilniaus Bankas.

Year 2000

  • Vilniaus Bankas became a member of SEB Group subject to acquisition of 97.9 per cent of Vilniaus Bankas’ shares by SEB.
  • Vilniaus Bankas merged with Bank Hermis.
  • The Bank of Lithuania registered share capital of Vilniaus Bankas worth LTL 154.4 million and granted an unlimited licence to carry out all banking operations specified in the Law on Commercial Banks and the Bank Statute.
  • E-banking services were offered to customers.
  • VB Investicijų valdymas (Asset Management), a new subsidiary company of Vilniaus Bankas was established.
  • Thomson BankWatch upgraded Vilniaus Bankas’ intra-country issuer rating to IC-A/B from IC-B.
  • Vilniaus Bankas became a correspondent of Euroclear in Lithuania.
  • Subject to acquisition of bank BfG, Germany (current name SEB AG), SEB became the European bank employing more than a half of its staff outside Sweden

Year 1999

  • VB gyvybes draudimas UAB (Life Insurance), a subsidiary company of Vilniaus Bankas started its activities.
  • The first co-branded payment card Visa Electron/Statoil extra was issued in Lithuania; is holders became participants of international loyalty programme Statoil.
  • The first treasury risk management system Reuters Kondor Plus started to function in Lithuania.
  • Standard &Poor ’s assigned BB-pi rating to Vilniaus Bankas.
  • EUROCARD/Mastercard and Maestro cards were issued.
  • Vilniaus Bankas was the first in Lithuania to become a member of the largest securities clearing and settlement system Euroclear.
  • Software for identification of suspicious card operations was implemented for the first time in the Baltic countries.

Year 1998

  • SEB and Vilniaus Bankas signed the Agreement on Strategic Cooperation on the basis of which SEB planned to become the major shareholder of Vilniaus Bankas.
  • Three Baltic banks, i.e., Eesti Ühispank, Latvijas Unibanka and Vilniaus Bankas signed the Agreement on Strategic Cooperation.
  • Vilniaus Bankas acquired 70 per cent of shares of Company FMĮ Vilfima that was restructured into a subsidiary company.
  • Thomson Bank Watch upgraded long-term rating of Vilniaus Bankas (BB+).
  • New trademark of SEB established subject to acquisition by the latter of shares of ABB Investment management, Eesti Ühispank, Latvijas Unibanka and Vilniaus Bankas.

Year 1997

  • VISA GOLD payment cards were issued.
  • Vilniaus Bankas became a member of Europay International, the international payment card organisation.
  • Twinning Programme of Vilniaus Bankas and ABN AMRO (the Netherlands) that assisted Vilniaus Bankas to implement modern banking technologies and develop a positive brand of the Bank in the local and international financial markets was successfully completed.
  • Asset Management Department of Vilniaus Bankas was restructured into a subsidiary company, VB Turto valdymas UAB.
  • SEB was the first in Europe to offer FX buying/selling operations via the e-channels to corporate customers.
  • SEB established a branch in Copenhagen, acquired finance company Ane Gyllenberg, Finland, and insurance company Trygg-Hansa.

Year 1996

  • Vilniaus Bankas share capital was increased to LTL 102 million after a successful placement of share issue worth LTL 60 million on Luxembourg Stock Exchange.
  • Thomson Bank Watch assigned international rating BB to the Bank.
  • SEB started providing services via e-channels to private customers.
  • SEB opened a branch in Helsinki.

Year 1995

  • The first ATM installed in Lithuania.
  • Two new service units of Vilniaus Bankas, i.e., the Finance Brokerage Department and VB lizingas UAB were established.
  • Share capital of Vilniaus Bankas was increased to LTL 42 million. During the banking crisis in Lithuania, foreign investment funds, i.e., the first foreign investors, invested into the Bank.

Year 1994

  • At the end of the year, the Bank had twelve branches.
  • The Bank’s Financial Statements for the year 1993 were issued and audited by Arthur Andersen, the international audit company.
  • SEB opened a branch in Oslo.

Year 1993

  • The first international payment card Visa Classic was issued in the country.
  • Vilniaus Bankas became a member of SWIFT – Society for World-Wide Interbank Financial Telecommunications.

Year 1992

  • The general licence to carry out foreign currency operations and international settlements was granted.
  • Implementation of the autonomous IT system of the Bank was started.

Year 1991

  • Vilniaus Bankas became a member of Visa International, the international payment card association.
  • SEB opened a branch in Paris.

Year 1990

  • On November 29 Spaudos bankas, a commercial bank has been registered that was lately renamed Vilniaus Bankas AB.
  • The first loan was granted to company Lignum engaged in creative work and industrial design.
  • The first settlement account of company Ženklas UAB was opened.
  • SEB acquired Scandinavian Bank Group, London and opened new branches in Bangkok, Berlin, Budapest, Warsaw, etc.

Year 1989

  • On 26 October, a meeting of six founders: State Committee of Publishing and Printing Houses and Book Trade, Publishing House of LKP CK, associations Periodika, Lietuvos spauda, Knyga, editorial staff of daily Respublika decided to establish a commercial bank under the name Spaudos Bankas. Julius Niedvaras was nominated a representative of the founders’ group.

Year 1982–1988

  • SEB established new branches in London, Hong Kong and Singapore, started providing services to private individuals in Luxembourg. SEB Investment Management started rendering services to the retail customers in the new branches located at Marbela, Monaco and Zurich (1988).
  • SEB opened branch offices in Helsinki, Bahrain, Beijing, Hon Kong, Sidney and Milan (1983).
  • Skandinaviska Enskilda Banken Corporation, a branch of SEB was established in New York (USA) (1982).

Year 1972–1979

  • SEB was the first Swedish Bank to enter into the Asian market – a branch established in Singapore (1979).
  • Stockholms Enskilda Bank and its competitor Skandinaviska Banken merged into Skandinaviska Enskilda Banken (SEB). SEB employed 6.73 thousand personnel; its network included 393 branches. The new bank had a solid customer base, strong relationship with majority of the largest Swedish companies and competed with major international banks (1972).

Year 1953 – 1970

  • Stockholms Enskilda Bank (SEB) was mostly orientated towards industry: loans to enterprises made up nearly a half of the Bank’s credit portfolio (about SEK 2 billion) (1960-70).
  • SEB network by the year 1960 included 52 branches; the Bank established currency exchange office in Stockholm (Arlanda) airport (1960).
  • SEB road show buses start running, i.e., travelling branches; the Bank modernisation was started, punch-card equipment installed (1953).

Year 1940–1947

  • SEB Art Association started its activity (1947).
  • Marcus Wallenberg made the Bank employees a present of land in Jamtland (1947).
  • Before and during World War II, the Government of Sweden entitled executives of SEB to carry out the economic negotiations with Germany, England, the United States of America and Finland.

Year 1932–1936

  • SEB celebrated its 80th anniversary with its network of 15 branches employing about 450 employees (1936).
  • SEB established pension funds for its employees (1932).

Year 1880–1900

  • SEB employees were offered pension schemes (1892).
  • SEB was a proactive initiator of industry development and lender, i.e., it took over a number of debts and participated in issue of bonds worth more than SEK 80 million.
  • SEB opened the Asset Management Department in Stockholm and a branch office in Linchoping.

Year 1857

  • SEB was the first bank in the world to employ women.

Year 1856

  • Andre Oscar Wallenberg established the first private bank in Stockholm, i.e., Stockholms Enskilda Bank (SEB).

 

 

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