Even more financial professionals working for our clients
You can generate ideas, find new solutions, tackle challenges, and innovate alone. But having a partner is much better!
Especially when the goal is to set up a new-generation modern client-oriented financial market participant that will increase competition in a market dominated by foreign capital institutions, while creating value for the Lithuanian economy.
With this common goal in mind, Šiaulių Bankas, the country’s largest bank with Lithuanian capital, and Invalda INVL, the leading asset management group in the Baltics, have finalised the merger of a part of their retail businesses on 1 December 2023. The merged teams of INVL’s investment managers, experts and life insurance specialists are embarking on a new phase of the bank’s operations. As of the day of the merger, in addition to the financial services it already provides, Šiaulių Bankas Group also manages second- and third-pillar pension and investment funds in Lithuania. The bank also expanded its life insurance business in the Baltic States. The life insurance business in Lithuania, Latvia and Estonia is managed by the life insurance company SB Draudimas UAB, controlled by Šiaulių Bankas, while the pension and investment funds business in Lithuania is managed through SB Asset Management UAB, a Šiaulių Bankas Group company.
Šiaulių Bankas is the largest bank with Lithuanian capital in the country, directly supervised by the European Central Bank. For more than 30 years Šiaulių Bankas has been growing steadily and consistently as a financial partner to its clients, with a special focus on business financing and consumer finance solutions.
The best live customer service in the widest network of service units in Lithuania, investments in digital solutions, a deep understanding of the housing market and the needs of our clients – this is the formula for success of Šiaulių Bankas.
And now the team of Šiaulių Bankas is expanded by some of the most experienced investment managers in the region, who can offer unique solutions and strategies to protect and increase the financial assets of each client. More than 200,000 people have invested in INVL pension funds, which have some of the best long-term track records in the market, and their accumulated assets have surpassed EUR 1 billion.
We believe that the synergy of the two strong complementary Lithuanian businesses will drive market competition and create economic value for Lithuania while ensuring maximum benefits for clients, employees, and shareholders.
Even more financial professionals working for our clients
in client funds and assets entrusted to Šiaulių Bankas Group
More financial solutions from a single source
Log in to your self-service account to view and manage your existing contracts.
We strive to bring the best value to our clients. It is our ambition to ensure that the combined team of professionals offers you the best that both organisations have to offer in the market – INVL’s expertise in investment, second- and third-pillar pension fund management, and Šiaulių Bankas’ expertise in retail banking and financing, as well as an integrated concept for life insurance services, which combines the visions of both organisations.
The clients of Šiaulių Bankas can conveniently add expertly managed investment funds for retail investors, second- and third-pillar pension funds, and new life insurance investment lines to their suite of financial services.
The life insurance contracts were transferred to a new manager, the life insurance company SB draudimas, a Šiaulių Bankas Group company, on the same terms and conditions as before the transaction. In addition to life insurance services, clients can also access daily banking services: from bank accounts and bank cards to mortgage and consumer loans – all from a single source.
Personal data of the life insurance clients processed for service-related and direct marketing purposes have been transferred to a new controller, the life insurance company SB Draudimas UAB (reg. No. 110081788, head office address: Gynėjų g. 14, Vilnius), which will process personal data in the same manner and to the same extent as they were processed by INVL Life UADB.
The existing pension and investment fund agreements in Lithuania have been transferred to a new manager, SB Asset Management UAB, a Šiaulių Bankas Group company, on the same terms and conditions as before the transaction. In addition to investment and pension fund management services, the clients can also access daily banking services such as bank accounts, bank cards, mortgage and consumer loans – all from a single source.
Personal data of the clients using pension and investment fund services in Lithuania that are processed in connection with the membership of pension and investment funds and for direct marketing purposes have been transferred to a new controller, SB Asset Management UAB (reg. No. 306241274, head office address: Gynėjų g. 14, Vilnius), which will process personal data in the same manner and to the same extent as they were processed by INVL Asset Management UAB.
The existing life insurance contracts remain valid for SB draudimas clients who can now add expertly managed investment funds for retail investors, second- and third-pillar pension funds, and new life insurance investment lines to their suite of financial services as well as choose financial products from the entire range offered by Šiaulių Bankas.
As of 1 December 2023, the operations, customer service, website, self-service portals, social network accounts and brand of SB Draudimas are integrated into the operations of Šiaulių Bankas Group, and all these services will be provided directly through Šiaulių Bankas. In Latvia and Estonia, SB Draudimas will provide services to the clients as SB Insurance.
In the merger of the retail businesses of Šiaulių Bankas and INVL, the employees of INVL and their know-how are an integral part of the deal. Therefore, INVL’s unique and professional expertise and strategy in the pension and investment fund and life insurance lines of business has been retained.
These changes are relevant for INVL clients:
The pension self-service portal, the insurance self-service portal, the asset management portal, and other self-service systems are available on the website of Šiaulių Bankas at www.sb.lt. In the top right corner of the website, click on the Sign-in button and select the system you are looking for.
If you have any questions, please do not hesitate to contact our customer service team at your convenience: