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SEB reached 97.9 per cent in Vilniaus Bankas

The full inclusion of Vilniaus Bankas into the SEB Group will give bank customers in Lithuania access to the services of an international banking group. Vilniaus Bankas can, through SEB, better support cross-border business in the Nordic countries, Germany and the rest of Europe.

SEB intends to retain the management and local profile of Vilniaus Bankas in order to utilise the bank's strong standing in a growing market.

Settlement for shares tendered during the acceptance period is scheduled to take place on 22 November 2000. At the same day the final result of the implementation of the offer will be ready.