Šiaulių bankas is going to disseminate pension accumulation services of the “Commercial Union Lietuva”


Pension accumulation services of one of the leaders in the field of life assurance and pension funds “Commercial Union Lietuva” in our country are going to be disseminated also by Šiaulių bankas AB.
Šiaulių bankas AB has been operating in Lithuania for fifteen years already. The regional outlets of the Bank provide services in 29 towns of Lithuania. The life assurance and pension fund company “Commercial Union Lietuva” which has signed a collaboration agreement with the Bank at the moment has 130 thou clients who have entered pension accumulation agreements of the second stage.

“Due to the large scope of our services and increasing number of clients we are happy to expand the network of the company’s services more. Since now 49 outlets of Šiaulių bankas located all over Lithuania are joining to our company’s 500 insurance consultant network, - said the General Director of “Commercial Union Lietuva” Asta Ungulaitienė.- We hope that clients of our company and Šiaulių bankas will evaluate high qulaity of provided services and innovations made for their convenience.”

The Head of Corporate and Retail Banking Division Daiva Kiburienė said that the Bank is interested in constant development of its financial instrument package. “Besides, the trend indicating that people seeking for more colorful life allocate more funds into their future is delightful”, - said the member of the Board.

Šiaulių bankas is focused on small and medium-sized business. Last year the “Euromoney” magazine announced the research regarding the best Middle and Eastern Europe companies where the strategy of Šiaulių bankas was recognized as one of the most purposeful and consecutive in Lithuania. The service package is rapidly expanding, outlet network is growing and the number of partners is increasing. In 2005 the European Bank for reconstruction and Development became the major shareholder of the Bank, however, it still remains one of the biggest Lithuanian capital banks.

“Commercial Union Lietuva Gyvybės draudimas” belongs to the international “Aviva” Group with more than 35 million clients in many countries. The “Aviva” Group is one of the biggest world enterprises which belogs to the five best leading insurance companies. The service quality provided to the “Commercial Union Lietuva” clients is insured by 300 years of the “Aviva” Group experience.

While choosing pension funds it is offered to consider the possible risks and to make a long-term decision. The clients’ funds are put into pension funds for many years, therefore, the long-term financial ratios and reliability of the company.  The professionalism of the “Aviva” Group as well as firm financial back up assure the security of client’s funds with the company “Commercial Union Lietuva” while a long-term experience in constantly changing securities and Stock Exchanges all over the world provides clients with the opportunities to use the professional investing services.