AB SEB Bankas is a commercial bank in Lithuania. It is the Lithuanian subsidiary of one of the largest Swedish banks, the SEB Group.
History
It was registered as a public company in the Enterprise Register of the Republic of Lithuania on 29 November 1990 as Spaudos bankas, which was soon renamed as AB Vilniaus bankas. Vilniaus bankas introduced the first Visa credit card to Lithuania in 1993 and launched the first ATM machines in Lithuania in 1995. Vilniaus bankas signed a strategic cooperation agreement with SEB Group of Sweden in 1998 and fully rebranded itself after said Swedish parent company in 2008.
AB SEB bankas 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.[2][3]