S E B completes Baltic expansion through 32% ownership in Vilniaus Bankas
S E B completes Baltic expansion through 32% ownership in Vilniaus Bankas On 18 November, 1998 Skandinaviska Enskilda Banken announced that discussions were ongoing with Vilniaus Bankas of Lithuania and that S E B had entered into strategic partnerships with Eesti Ühispank of Estonia and Latvijas Unibanka of Latvia. These three banks already have a pan-Baltic co-operation agreement. S E B has now entered into a co-operation agreement with Vilniaus Bankas, pursuant to which S E B will become a strategic investor in Vilniaus Bankas, aquiring 32 per cent in the bank through a new issue of