SEB Vilniaus Bankas is to increase its authorised capital. It is envisaged that its shareholders meeting to be held on 16 November will take a decision on increasing the bank’s authorised capital by LTL 880 million from reserves.
“Such a decision will further strengthen the bank’s authorised capital and will be another proof of its major shareholder’s long-term investment plans in Lithuania,” says Aušra Matusevičienė, the Executive Vice President of SEB Vilniaus Bankas and Chief Finance Officer.
Upon decision, the par value of SEB Vilniaus Bankas share will increase from LTL 10 to LTL 67. Currently, the bank’s authorised capital is LTL 154,4 million.
SEB Vilniaus Bankas is a subsidiary of SEB and SEB’s shareholding is 98.99 percent. SEB is a Northern European financial group providing services to 400 thousand corporate customers and institutions as well as to 5 million private individuals.