Content1. Architects of Lithuanian Banking
Tradition………………………………………………………….
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2. Dashing
Development………………………………………………………..
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3. International
Partnership………………………………………………………..
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4. Deep-Rooted in the Leader
Position…………………………………………………………..
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5. VB
Philosophy…………………………………………………………
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6. About VB
Management…………………………………………………………
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7. VB Organisation
stucture…………………………………………………………..
…………………………………6
8. Settlement Banks for Commercial and Treasury
Transactions…………………………………………..7
9.. Bank Modernisation Program
(BMP)……………………………………………………………..
…………….7
10.VB
Cards……………………………………………………………..
……………………………………………………8
11. Financial
report…………………………………………………………….
…………………………………………..9
12.
Branches…………………………………………………………..
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Architects of Lithuanian Banking Traditions
Vilniaus Bankas, one of the first private commercial banks in Lithuania,
was established on 2 March 1990. Vilniaus Bankas is among Lithuania’s
pioneers in commercial banking and from the very outset of its activities
has been proactive in launching and promoting new banking services thus
rendering a significant impact upon the development of the country’s
banking market.As early as in 1991, Vilniaus Bankas became member of Visa International,
an international payment cards association, in December 1993 issuing the
first Visa Classic payment card in Lithuania. In 1994, the Bank joined
worldwide interbank system S.W.I.F.T. and expanded its customer service
network to 12 branches.In 1995, which was a critical year for most of the country’s commercial
banks, Vilniaus Bankas was able to preserve its stability. It was the year
when international investment funds made their first investments into
Vilniaus Bankas and two subdivisions were set up to provide services that
were absolutely new in Lithuania, namely, financial brokerage and leasing.Vilniaus Bankas is this country’s only bank that is member of Euroclear, an
international securities clearing and settlement system.Dashing Development
The year 1995 was a start in establishing new subsidiary companies of
Vilniaus Bankas. Today, Vilniaus Bankas Group consists of Vilniaus Bankas
AB and its seven subsidiary companies:
• VB Būsto Kreditų ir Obligacijų Bankas AB (VB Mortgage Bank), that in
2004 placed the largest public issue of bonds in Lithuania;
• VB Gyvybės Draudimas UAB (Life Insurance), pioneer in unit-linked life
insurance in Lithuania;
• VB Investicijų Valdymas UAB (Investment Management), absolute leader
in the pension funds market during the first stage of the pensions
system reform;
• VB Lizingas UAB (Leasing), the first and, since the beginning of 2003,
key player in the Lithuanian leasing services market;
• VB Nekilnojamasis Turtas UAB (Real Estate), the country’s first
company to manage a bank’s immovable property;
• UAB VB Rizikos Kapitalo Valdymas (Venture Capital Management),
successfully operating venture capital company that invests in
companies with long-term growth potential;
• VB Vilfima UAB (Corporate Finance), a company with strongest presence
in the Lithuanian capital market offering investment banking services
to corporate customers.International Partnership
In March 1998, a strategic cooperation agreement was signed among three
Baltic banks: Eesti Uhispank, Latvijas Unibanka and Vilniaus Bankas.In December of the same year, the Bank made a targeted issue of shares that
were fully subscribed by strategic investor Swedish bank Skandinaviska
Enskilda Banken (SEB) investing LTL 220.8 million and acquiring a 32 per
cent share in Vilniaus Bankas, thus becoming its strategic partner.In 2000, SEB acquired 98 per cent of Vilniaus Bankas’ equity and became its
major shareholder. In 2003, SEB entrusted Vilniaus Bankas with the
development of its activities in Ukraine.Deep-Rooted in the Leader Position
In 1999, Vilniaus Bankas merged Lithuania’s second largest private
commercial bank and its main competitor Bank Hermis. The merger allowed
Vilniaus Bankas to further strengthen its position as Lithuania’s leading
bank in terms of assets.In 2000, the Bank’s unit of trade in securities was the country’s top
performer on the National Stock Exchange. In terms of turnover, Vilniaus
Bankas became the leader of the Lithuanian payment cards market in 2000. In
2001, its market share was 48.4 per cent – nearly half of the entire
market.
In May 2002, authoritative journal Global Finance
announced Vilniaus Bankas
to be among leader banks in the Central and Eastern European countries.
Since the time when rating of banks in the Baltic States was started, every
year Vilniaus Bankas was recognised to be the best one. In 2003, it was the