Šiaulių bankas

From Wikipedia, the free encyclopedia
AB Šiaulių bankas
Company typePublic company
Nasdaq BalticSAB1L
IndustryFinancial services
Founded4 February 1992; 32 years ago (1992-02-04)
Headquarters,
Key people
Vytautas Sinius (CEO)
ProductsRetail banking, mortgage loans, corporate banking
RevenueIncrease 125.483 million (2022)[1]
Increase €76.530 million (2022)
Increase €63.614 million (2022)
Total assetsIncrease €3.029 billion (2022)
Number of employees
867
Websitesb.lt

Šiaulių bankas is a major commercial bank in Lithuania providing retail and commercial banking services.[2][3]

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]

History[edit]

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 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]

Since 1994 (in Secondary List) and since 2006 (in Main List), the company is listed in Nasdaq Vilnius.[2]

References[edit]

  1. ^ "Šiaulių bankas, AB revenue, profit".
  2. ^ a b c d "Šiaulių bankas | Company — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 25 April 2021.
  3. ^ "Decision of the Court regarding a fine imposed on Šiaulių bankas". Yahoo Finance. December 29, 2022.
  4. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. ^ "Šiaulių bankas perima dalį Ūkio banko turto ir įsipareigojimų". Kauno diena (in Lithuanian). 2013-02-24. Retrieved 2024-04-11.
  6. ^ Aukštuolytė, Rima. "Šiaulių bankas užbaigė Ūkio banko perėmimą". vz.lt (in Lithuanian). Retrieved 2024-04-11.
  7. ^ "EBRD moves to convert loan to shares in Lithuania's Šiaulių Bankas". Retrieved 2024-04-11.