Learn more

SEB, one of Lithuania’s largest banks by assets, reported a net profit of €299.1mn for 2023, up 73.6% from €172.3mn in 2022, BNS, a Lithuanian newswire, reported on January 25. Revenue came in at €557.1mn in 2023, up 79.2% from €310.9mn, with 68% of it coming from corporate clients, the bank said. ‘The bank’s financial results were mainly driven by the activity of corporate and retail customers, growing business volumes, and higher net interest income due to the European Central Bank’s monetary policy,’ SEB Lithuania CEO Sonata Gutauskaite-Bubneliene said in a press release. The bank’s net loa…

cuu