Banks, Financial Services, Good for Business, Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 29.05.2020, 03:49

Lithuaina's SEB Bankas to pay record-size dividend for 2016

BC, Vilnius, 01.04.2017.Print version
SEB Bankas, Lithuania's biggest commercial bank by assets, plans to pay 123.146 mln euros as dividends, its largest-ever dividend payment, after posting 94.485 mln euros in audited net profit for 2016, reports LETA/BNS.

The decision was taken by Sweden's SEB Group, the bank's sole shareholder, on Friday, SEB Bankas said in a stock exchange release.

SEB Bankas distributed 30 mln euros as dividends in 2014, its first dividend payout in 14 years. It paid out 65.3 mln euros in 2015 and another 88.8 mln euros in 2016.

The bank's net profit soared by 52.2% last year compared with 2015 to reach 94.485 mln euros.

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