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From Wikipedia, the free encyclopedia
Šiaulių bankas is a major commercial bank in Lithuania providing retail and commercial banking services.[2][3]
Company type | Public company |
---|---|
Nasdaq Baltic: SAB1L | |
Industry | Financial services |
Founded | 4 February 1992 |
Headquarters | , |
Key people | Vytautas Sinius (CEO) |
Products | Retail banking, mortgage loans, corporate banking |
Revenue | €125.483 million (2022)[1] |
€76.530 million (2022) | |
€63.614 million (2022) | |
Total assets | €3.029 billion (2022) |
Number of employees | 867 |
Website | sb |
It has been designated in 2019 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[4]
Šiaulių bankas was established in 1992.[2] The bank took over assets from Ūkio bankas totaling LTL2,7 billion in 2013, for which the European Bank for Reconstruction and Development (EBRD) granted the bank a loan of LTL69 million.[5][6]
As of 2018[update] the largest shareholder of the company's was the EBRD, owing 26% of the company's stock after converting loans to the bank into shares.[2][7] In 2021, 18% of the Banks shares held by the EBRD were sold to Invalda INVL, Nord Security and ME investija.[8]
The bank merged Invalda INVL and its retail business in 2023, creating a new company headed by the former INVL Investment Management director.[9][10]
Since 1994 (in Secondary List) and since 2006 (in Main List), the company is listed in Nasdaq Vilnius.[2] In 2022, the bank reported a profit of over €63 million and a loan portfolio of €2.6 billion.[11]
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