What AB SEB Bankas(Seb Lithuania) does

AB SEB Bankas (SEB Lithuania) is the Lithuanian subsidiary of SEB Group (Skandinaviska Enskilda Banken AB), a publicly listed Swedish banking group headquartered in Stockholm and founded in 1856. Established in Lithuania in 1990, the bank operates as a universal commercial bank headquartered in Vilnius, serving four primary customer segments: private individuals (including children aged 0-17, youth aged 18-25, and general adults), business and SME customers, large corporate clients, and private banking/high-net-worth individuals with average investment portfolios of approximately EUR 335,000. Across these segments the bank provides a full stack of financial services: daily banking (accounts, cards, payments), lending (home loans, consumer loans, business loans, leasing, working capital, trade and sustainable financing), savings, investment funds, ETF and stock trading, pension accumulation under the II and III pillars, life and non-life insurance intermediation, and corporate services such as green loans and M&A financing.

The bank's technology foundation centres on a hybrid digital-plus-physical platform. It offers an internet bank (e.seb.lt) and a mobile application supporting Smart-ID authentication, video consultations, and an Investicijų robotas (Robo-Advisor) for automated investment decision-making starting from EUR 10, plus a Mikro investavimas ETF e-shop starting from EUR 1. An AI-powered virtual assistant supports customer queries on the website, and an InfoHub content platform drives top-of-funnel financial education. The bank distributes these services through branches, ATMs, the internet bank, mobile app, video consultation, and phone banking, and operates wholly-owned subsidiaries SEB Life and Pension Baltic SE (life insurance and pensions) and SEB investicijų valdymas (UAB) (investment management) for vertical integration.

The revenue model combines interest income from lending activities, transaction and account fees, investment fund distribution and management fees, pension fund management, and insurance intermediation through SEB Life and Pension Baltic SE Lithuanian branch. Service plans are sold on monthly subscription tiers for both private and business customers, term deposits at 1.50% annual interest for 1-year deposits (minimum EUR 100), and unit-based pricing for micro-investments. Recent operational signals include a 45% year-over-year increase in new business account openings, more than 50% growth in female private banking clients since 2022, and an updated business customer price list effective July 1, 2026.

Name

AB SEB Bankas(Seb Lithuania)

Legal name

AB SEB Bankas

Website

https://seb.lt

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AB SEB Bankas is a universal commercial bank in Lithuania and subsidiary of Swedish SEB Group, offering retail, SME, corporate, and private banking services via branches, digital platforms, and integrated investment, pension, and insurance subsidiaries.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Corporate banking
• Investment funds
• Pension management
• Digital banking

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking revenue from lending activities including home loans, consumer loans, business loans, and leasing. Interest is charged on credit products including mortgage loans, property loans, and working capital financing.
2. Fee and Commission Income: Fees from account maintenance, payment transactions, card transactions, investment fund distribution, pension fund management, and insurance intermediation through SEB Life and Pension Baltic SE.
3. Investment Fund Management: Distribution of SEB investment funds (managed by SEB Investment Management AB) including pension funds (II and III pillar), equity funds, bond funds, and mixed funds. Revenue from fund distribution and referral fees.
4. Insurance Distribution: Bancassurance revenue through SEB Life and Pension Baltic SE Lithuanian branch, offering life insurance, loan protection insurance, travel insurance, home insurance, and pension products.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

AB SEB Bankas is a universal commercial bank operating in Lithuania, delivering retail, business/SME, corporate, and private banking services. Its product set spans bank accounts, payment cards, lending (home, consumer, property-secured, leasing), savings and deposits, investment funds, ETFs, an automated robo-advisor, II and III pillar pensions, and insurance intermediation. Distribution is hybrid, combining a physical branch and ATM network with internet banking, mobile app, video consultation, and Smart-ID authentication.

Differentiator

Problem solved

Functional benefit

Brands

• SEB Life and Pension Baltic SE: Life insurance and pension fund management subsidiary operating in Lithuania
• SEB investicijų valdymas
• SEB pensija
• SEB Investment Management

Products and services

• Bank Account (Banko sąskaita) Retail bank account for private individuals covering daily banking needs, payments, and account management through internet bank and mobile app.
• Payment Cards (Kortelės) Payment cards issued to retail customers for everyday transactions and account access.
• Home Loan (Būsto kreditas) Mortgage lending product for private individuals to finance home purchases.
• Consumer Loan (Vartojimo kreditas) Unsecured consumer credit for private individuals for personal financing needs.
• Property-secured Loan (Kreditas įkeičiant turtą) Loan product for private individuals secured against property assets.
• Leasing (Lizingas) Leasing solutions offered to private individuals for asset financing.
• Savings and Term Deposits (Taupymas) Savings products and term deposits for private individuals, with example 1-year deposit paying 1.50% annual interest on a minimum EUR 100 balance.
• Investment Funds (Investavimas) Distribution of SEB investment funds (equity, bond, mixed) managed by SEB Investment Management AB, available to private individuals through internet bank and mobile app.
• Micro-Investing (Mikro investavimas) Self-directed ETF investing via an internet bank 'e-shop' allowing customers to invest from EUR 1 per transaction.
• Investment Robo-Advisor (Investicijų robotas) Automated investment service in the mobile app that recommends and manages a portfolio based on a customer questionnaire, with a minimum investment of EUR 10.
• II Pillar Pension Funds Mandatory state pension (II pillar) fund products distributed under the SEB pensija brand, managed by SEB investicijų valdymas.
• III Pillar Pension Funds Voluntary private pension (III pillar) fund products distributed under the SEB pensija brand.
• Insurance Intermediation (bancassurance) Distribution of life, loan protection, travel, home, and other insurance products intermediated through SEB Life and Pension Baltic SE Lithuanian branch.
• Business Banking (Verslui) Banking proposition for SMEs and business customers covering business accounts, payment processing, card acceptance, e-invoicing, working capital financing, business loans, leasing, micro-loans, trade financing, and agricultural financing.
• Corporate Banking (Didelėms įmonėms) Banking proposition for large corporate clients covering project financing, M&A and acquisition financing, green and sustainable loans, working capital, real estate financing, and risk management.
• Private Banking (Privačioji bankininkystė) Personalized wealth management, investment advisory, and banking services for high net worth individuals and families, including estate planning and multi-generational wealth transfer.
• Mobile Banking Application Mobile banking application providing account access, payments, investment management, robo-advisor access, and Smart-ID based authentication for private and business customers.
• Internet Bank (SEB Interneto bankas) Web-based internet banking platform (e.seb.lt) providing a single login for both private and business customers, covering account management, payments, fund investments, ETF trading, and loan applications.
• Video Consultation Service Remote video consultation service allowing customers to meet with bank advisors without visiting a branch.

Quantifiable outcome

• 45% increase in new business account openings year-over-year
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature4 records

Partnerships

One partnership is on record.

• AB Amber GridminorOthers · 17 April 2026SEB bank serves as a custodian and dividend payment processor for AB Amber Grid shareholders. Shareholders with accounts at AB SEB bank can receive dividend payments directly to their SEB accounts or specify alternative IBAN accounts. SEB facilitates the dividend distribution mechanism for Amber Grid as part of its custodial and payment services.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SEB Group (Skandinaviska Enskilda Banken AB): Parent group and a publicly listed universal bank with broader Nordic and Baltic operations including corporate and investment banking. Comparable at the consolidated level for product capability, capital, and investment fund/pension fund platform that SEB Lithuania distributes in Lithuania.
• OP Corporate Bank (Baltic operations): Finnish cooperative banking group with a presence in the wider Baltic/Nordic corporate banking and capital markets space. Relevant as a broad Nordic incumbent peer providing capital markets, trade finance and corporate banking services that overlap with the upper end of SEB Lithuania's corporate offering.

Direct peers

• Luminor Bank: Third major universal bank in the Baltics, formed from the merged Nordea and DNB Baltic operations, headquartered in the Baltics and competing head-on in Lithuanian retail, SME and corporate banking. Highly comparable in customer segments, digital channels and product breadth, and a direct peer for market share benchmarking.
• Swedbank Lithuania: Largest competing universal bank in Lithuania and across the Baltics, offering retail, SME, corporate and private banking with a very similar product set (deposits, mortgages, investment funds, pension funds, insurance distribution). Operates in the same market with the same Nordic-banking DNA, making it the closest like-for-like competitor to SEB Lithuania.
• Šiaulių bankas: Lithuanian-headquartered universal bank with retail, SME and corporate banking focus and a meaningful domestic deposit and loan book. A relevant local peer for benchmarking Lithuanian market positioning, customer overlap, and pricing in the SME segment where SEB Lithuania also competes actively.

Regional players

• Coop Pank: Estonia-headquartered universal bank with Baltic retail and SME lending focus, growing beyond Estonia and into the wider Baltic market. A relevant regional peer for product design, digital banking strategy and SME lending benchmarks in the shared Baltic banking space.
• Medicinos bankas: Lithuanian domestic bank focused on SMEs, healthcare-sector clients and retail banking, with branch presence in Lithuania. Comparable as a locally rooted competitor competing for SME and retail customers, although smaller in scale and product breadth than SEB Lithuania.
• Citadele banka: Baltic-headquartered universal bank (Latvia-rooted) with Lithuanian branch operations, offering retail, SME and private banking with similar product set. Comparable as a Baltic regional peer competing in the same Lithuanian segments from a different home market.
• Bigbank: Estonia-headquartered specialist bank with Lithuanian branch operations focused on consumer loans, SME lending and term deposits. Comparable as a regional competitor targeting similar Lithuanian retail and SME borrowing customers with a digital-led distribution model.

Emerging players

• Revolut Bank UAB (Lithuania): Specialist electronic-money institution in Lithuania licensed as a bank, with rapid growth in retail and SME current accounts, payments and FX. Relevant emerging competitor and disruptive peer to SEB Lithuania's digital banking proposition, particularly for younger and cross-border Lithuanian customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/seb-lietuvoje
• Facebookfacebook.com/seblietuvoje

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AB SEB Bankas(Seb Lithuania)