Šiauliu Bankas established a new group company UAB SB Asset Management. New Šiauliu Bankas group company was established – UAB “SB Asset Management”, legal entity code: 306241274, registered office address Gyneju str. 14, Vilnius, whose sole founder, who owns 100% of the shares, is Šiauliu bankas AB.

UAB "SB Asset Management" was established to properly prepare for the implementation of the agreement signed on 22 November 2022 regarding the merger of AB “Invalda INVL” retail asset management and life insurance businesses with AB Šiauliu bankas, and which after the transaction closing date would take over the management business of pension funds and investment funds for its further development.