July 12, 2014 11:05 AM ET

Banks

Company Overview of AB SEB Bank

Company Overview

AB SEB Bank provides various banking services in the Republic of Lithuania. The company offers bank and escrow accounts; mortgage, home equity, consumer, and apartment building renovation loans; investment and business development, working capital, agriculture, and trade financing; car, freight vehicles, equipment and special machinery, agricultural machinery, and insurance leasing services; group life, health, and unit-linked insurance schemes; pension plans; and debit and credit cards. It also provides retail services to companies and individuals, which include leasing and factoring products; liquidity management and payment services; and private banking services. In addition, the company ...

Gedimino avenue 12

Vilnius,  01103

Lithuania

Founded in 1856

Phone:

370 85 268 2800

Fax:

370 85 268 2333

Key Executives for AB SEB Bank

Chairman of Management Board
Chairman of Supervisory Council and Head of Business Support Division
Age: 52
Chief Financial Officer
Head of Corporate Banking Division
Head of Credit & Risk Management Division
Compensation as of Fiscal Year 2014.

AB SEB Bank Key Developments

AB SEB Bank Reports Consolidated Group and Parent Company Earnings Results for the First Quarter Ended March 31, 2014; Reports Impairment Losses on Loans for the First Quarter Ended March 31, 2014

AB SEB Bank reported consolidated group and parent company earnings results for the first quarter ended March 3.1, 2014. For the quarter, the group reported interest income of LTL 117.748 million against LTL 119.149 million a year ago. Net interest income was LTL 78.738 million against LTL 66.784 million a year ago. Net interest income after impairment losses was LTL 63.937 million against LTL 52.620 million a year ago. Profit before income tax was LTL 63.144 million against LTL 45.361 million a year ago. Net profit for the period attributable to owners of the bank was LTL 55.061 million against LTL 38.671 million a year ago. Net cash from operating activities was LTL 2,738.965 million against net cash to operating activities of LTL 460.499 million a year ago. For the quarter, the parent reported interest income of LTL 117.659 million against LTL 119.029 million a year ago. Net interest income was LTL 78.643 million against LTL 66.662 million a year ago. Net interest income after impairment losses was LTL 63.842 million against LTL 52.498 million a year ago. Profit before income tax was LTL 64.531 million against LTL 50.707 million a year ago. Net profit for the period attributable to owners of the bank was LTL 56.696 million against LTL 44.333 million a year ago. Net cash from operating activities was LTL 2,781.788 million against net cash to operating activities of LTL 470.997 million a year ago. For the first quarter ended March 31, 2014, the company reported impairment losses on loans of LTL 18.049 million against LTL 10.727 million a year ago. .

AB SEB Bank Reports Preliminary Unaudited Group and Company Earnings Results for the First Quarter Ended March 31, 2014

AB SEB Bank reported preliminary unaudited group and company earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net profit earned by company is LTL 56.7 million compared to LTL 44.3 million for the same period last year. For the quarter, the group reported net profit earned by group is LTL 55.1 million compared to LTL 38.7 million for the same period last year. Income of the group was LTL 146 million, decreased by 13%.

AB SEB Bank, Annual General Meeting, Mar 31, 2014

AB SEB Bank, Annual General Meeting, Mar 31, 2014. Agenda: To consider the annual report; to consider the report of the auditor of the Bank; to consider the proposals of the Supervisory Council of the Bank; to consider the approval of the consolidated financial statements of the Bank for the year 2013; to consider the appropriation of the year 2013 profit (loss) of the Bank.

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