Lithuania's SEB bank to use profit to bolster capital, maintain crediting

  • 2020-04-01
  • BNS/TBT Staff
SEB, one of the largest commercial banks in Lithuania, will not pay dividends for 2019 and plans to spend the banking group's total profit of 117.5 million euros on bolstering its capital base and crediting the country's residents and businesses. Such a decision was made by the bank's sole shareholder, Swedish financial group Skandinaviska Enkilda Banken, on March 27, SEB said. "In the times of major uncertainty when economic growth has been replaced by challenges arising because of the spreading COVID-19 virus, we will use our whole pr...
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