Population
2.9m
Šiaulių Bankas as an Investment
Profile
- The largest independently-owned financial institution in Lithuania
- Over 1,100 dedicated and experienced financial professionals
- The oldest operating bank in Lithuania with the widest branch network and the best client service
- Full-suite product offering with >50 banking, asset management and life insurance products
- Supervised by ECB and rated Baa1 by Moody’s with Stable outlook
- Listed on the main Nasdaq Baltic Stock Exchange since 1994 (ticker: SAB1L)
Operating in a Structurally Attractive Market With Strong Growth Potential
Sound Fundamentals, Low Credit Risks and Favourable Growth Outlook
CEE includes the unweighted average of Czech Republic, Romania, Poland, Slovakia and Slovenia
Key facts (2023)
Nominal GDP
€72bn
Credit Ratings
A2 / A / A
Moody‘s / Standard & Poor’s / Fitch Ratings
GDP/Capita in PPS
83% of EU avg.
Public Debt (as % of GDP)
36%
Proven Track Record of High Growth and Profitability
Substancial Scale
Total Assets (€’m)
High Growth
Net Interest Income (€’m)
Strong Profitability
Return on Equity (%)
- Well positioned to invest in growth initiatives and execute M&A transactions swiftly
- Well placed to continue delivering mid to high teen return on equity
- Committed to continue returning part of profits to investors through both dividends (>25% payout) and approved buyback strategy
We Generate Market-Leading Shareholder Returns
Total Shareholder Returns
Šiaulių bankas (SAB1L) TSR Performance VS Market Index - LAST 5 Years
Strategic Milestones
2024
Preparation
- Development of new strategy
- Completion of merger with INVL retail
- Changes in shareholder structure
- New organizational structure
2026
Execution
- Reinforcing a customer centric culture
- Integration with INVL retail and increase in cross-sell
- Rebranding and maximizing value of existing clients
- New core banking platform
2029
Leap-Forward
- Upgraded and new products amplifying cross-sell and upsell
- New client segments accelerating growth
- Enhancing client experiences to exceed expectations
- The go-to financial solutions center for Lithuanian consumers
Key Finantial Targets
| Focus Areas | 2024 | 2025 | 2026 | 2027–2029 | |
|---|---|---|---|---|---|
| Growth | Loan book | €3.3bn | €3.7bn | €4.1bn | CAGR: ~8 % |
| Deposits | €3.3bn | €3.6bn | €4.0bn | CAGR: ~10 % | |
| Total Operating Income | €202m | €211m | €243m | CAGR: ~10 % | |
| Net Fee Income | €27m | €29m | €33m | CAGR: ~20 % | |
| Efficiency | C/I ratio | 49.7 % | 53.2 % | 48.8 % | Below 47.5 % |
| Profitability | RoE | 13.7 | 13.1 % | 15.0 % | Above 15.0 % |
| Shareholder Returns | Minimum Payout Policy | 25 % Dividends + Share Buy-backs | |||
