May 25, 2013 7:09 AM ET

Commercial Banks

Company Overview of AB SEB Bank

Company Overview

AB SEB Bank, together with its subsidiaries, provides various banking and financial services in the Republic of Lithuania. The company’s Baltic division offers retail services to companies and individuals, which include lending; leasing and factoring products; liquidity management and payment services; and private banking services comprising wealth management and advisory services. Its Merchant Banking division involves in lending and debt capital markets; trading in equities, currencies, fixed income, derivatives, and futures; advisory services, brokerage, research, and trading strategies within equity, fixed income, and foreign exchange markets; cash management; custody and fund services; ...

Detailed Description

Gedimino avenue 12

Vilnius,  01103

Lithuania

Founded in 1856

1,823 Employees

Phone:

370 85 268 2800

Fax:

370 85 268 2333

www.seb.lt/pow/wcp/seblt.asp?lang=en&website=TAB1

Key Executives for AB SEB Bank

Chairman of the Management Board
Chief Financial Officer
Head of Corporate Banking Division
Chief Credit Officer
Head of Credit & Risk Management Division
Compensation as of Fiscal Year 2012.

AB SEB Bank Key Developments

AB SEB Bank Reports Unaudited Group and Company Earnings Results for the First Quarter of 2013

AB SEB Bank reported unaudited group and company earnings results for the first quarter of 2013. For the quarter, the company reported net profit of LTL 44.0 million and by AB SEB bankas Group is LTL 38.7 million. The result has been calculated in accordance with the requirements set by the acts of the Bank of Lithuania and legal acts of the Republic of Lithuania. Over the first quarter of the year 2012, unaudited net profit earned by AB SEB bankas totaled LTL 30.7 million and by AB SEB bankas Group – LTL 41.5 million.

AB SEB Bank, Annual General Meeting, Mar 29, 2013

AB SEB Bank, Annual General Meeting, Mar 29, 2013. Agenda: To consider the annual report of the Bank; to consider the Report of the auditor of the Bank; to consider the comments and proposals of the Supervisory Council of the Bank; to consider the approval of the consolidated financial statements of the Bank for the year 2012; to consider the appropriation of the year 2012 profit (loss) of the Bank; to consider the appointment of audit company of the Bank and approval of payment terms for audit services; and to consider reorganization of AB SEB lizingas.

AB SEB Bank Announces Group and Parent Earnings Results for the Fourth Quarter and Year Ended December 31, 2012

AB SEB Bank announced group and parent earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, on group basis, the company reported net interest income of LTL 68,198,000 compared to LTL 89,162,000 a year ago. Net fee and commission income was LTL 51,128,000 compared to LTL 43,733,000 a year ago. Loss before income tax was LTL 48,358,000 compared to profit before income tax of LTL 41,097,000 a year ago. Loss for the period from continuing operations was LTL 50,731,000 compared to profit for the period from continuing operations of LTL 38,169,000 a year ago. Loss attributable to equity holders of the parent company was LTL 50,731,000 compared to profit attributable to equity holders of the parent company of LTL 38,169,000 a year ago. For the year, on group basis, the company reported net interest income of LTL 289,649,000 compared to LTL 353,147,000 a year ago. Net fee and commission income was LTL 184,648,000 compared to LTL 167,065,000 a year ago. Profit before income tax was LTL 109,089,000 compared to LTL 529,790,000 a year ago. Profit for the period from continuing operations was LTL 86,318,000 compared to LTL 469,651,000 a year ago. Profit attributable to equity holders of the parent company was LTL 86,318,000 compared to LTL 469,651,000 a year ago. Net cash from operating activities after income tax was LTL 2,232,274,000 compared to LTL 1,353,031,000 a year ago. For the quarter, on parent basis, the company reported net interest income of LTL 60,150,000 compared to LTL 79,915,000 a year ago. Net fee and commission income was LTL 48,165,000 compared to LTL 41,124,000 a year ago. Operating loss was LTL 59,672,000 compared to operating profit of LTL 27,138,000 a year ago. Profit before income tax was LTL 23,328,000 compared to LTL 134,138,000 a year ago. Profit for the period from continuing operations was LTL 23,197,000 compared to LTL 133,045,000 a year ago. Profit attributable to equity holders of the parent company was LTL 23,197,000 compared to LTL 133,045,000 a year ago. For the year, on parent basis, the company reported net interest income of LTL 253,752,000 compared to LTL 315,979,000 a year ago. Net fee and commission income was LTL 173,676,000 compared to LTL 156,796,000 a year ago. Operating profit was LTL 56,667,000 compared to LTL 308,270,000 a year ago. Profit before income tax was LTL 139,667,000 compared to LTL 415,270,000 a year ago. Profit for the period from continuing operations was LTL 126,287,000 compared to LTL 379,762,000 a year ago. Profit attributable to equity holders of the parent company was LTL 126,287,000 compared to LTL 379,762,000 a year ago. Net cash from operating activities after income tax was LTL 1,674,403,000 compared to LTL 928,566,000 a year ago.

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