Organization: SEB Bank Latvia

The AS Latvijas Universālā banka was founded on September 28, 1993, uniting the sections which were not privatized in the reorganization of the Bank of Latvia - a total of 21 separate sections of various banks. In the succeeding years Latvijas Unibanka has become the leading commercial bank with a wide range of clients in Latvia and stable cooperating partners abroad. From 7 April 2008, the bank operates under the name SEB banka, and its subsidiaries are SEB Wealth Management, SEB Dzīvības apdrošināšana, SEB līzings and SEB atvērtais pensiju fonds. On January 2011 SEB group in Latvia represents: AS "SEB banka", SIA "SEB līzings", IP AS "SEB Wealth Management", AS "SEB atklātais pensiju fonds", AAS "SEB Dzīvības apdrošināšana", SIA IBS "SEB Enskilda" un SIA "Latectus". On June of 2007 SEB aquires remaining shares of SEB banka, thus becoming the only one holder of SEB banka shares.Together with the other banks of the SEB Group SEB banka forms one of the most influencial financial institutions in Northern Europe, which serves more than 4 million clients in 20 countries.