| AB Šiaulių bankas | |
| Type: | Public company |
| Industry: | Financial services |
| Products: | Retail banking, mortgage loans, corporate banking |
| Key People: | Vytautas Sinius (CEO) |
| Location City: | Šiauliai |
| Location Country: | Lithuania |
| Revenue: | €125.483 million (2022)[1] |
| Operating Income: | €76.530 million (2022) |
| Net Income: | €63.614 million (2022) |
| Assets: | €3.029 billion (2022) |
| Num Employees: | 867 |
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]
Šiaulių bankas was established in 1992. 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]
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.[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. In 2022, the bank reported a profit of over €63 million and a loan portfolio of €2.6 billion.[11]