Vilniaus bankas

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Architects of Lithuanian Banking Traditions
Vilniaus Bankas, one of the first private commercial banks in Lithuania, was established on 2 March 1990. Vilniaus Bankas is among Lithuania's pioneers in commercial banking and from the very outset of its activities has been proactive in launching and promoting new banking services thus rendering a significant impact upon the development of the country's banking market.
As early as in 1991, Vilniaus Bankas became member of Visa International, an international payment cards association, in December 1993 issuing the first Visa Classic payment card in Lithuania. In 1994, the Bank joined worldwide interbank system S.W.I.F.T. and expanded its customer service network to 12 branches.
In 1995, which was a critical year for most of the country's commercial banks, Vilniaus Bankas was able to preserve its stability. It was the year when international investment funds made their first investments into Vilniaus Bankas and two subdivisions were set up to provide services that were absolutely new in Lithuania, namely, financial brokerage and leasing.
Vilniaus Bankas is this country's only bank that is member of Euroclear, an international securities clearing and settlement system.
Dashing Development
The year 1995 was a start in establishing new subsidiary companies of Vilniaus Bankas. Today, Vilniaus Bankas Group consists of Vilniaus Bankas AB and its seven subsidiary companies:
• VB Būsto Kreditų ir Obligacijų Bankas AB (VB Mortgage Bank), that in 2004 placed the largest public issue of bonds in Lithuania;
• VB Gyvybės Draudimas UAB (Life Insurance), pioneer in unit-linked life insurance in Lithuania;
• VB Investicijų Valdymas UAB (Investment Management), absolute leader in the pension funds market during the first stage of the pensions system reform;
• VB Lizingas UAB (Leasing), the first and, since the beginning of 2003, key player in the Lithuanian leasing services market;
• VB Nekilnojamasis Turtas UAB (Real Estate), the country's first company...

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