OREANDA-NEWS. As of October 8 the current Head of Special Credits Management in SEB Latvia Arnis Škapars will join SEB Latvia management team as the board member and vice-president responsible for retail banking.

Arnis joined SEB group in 1999 as an analyst in Trading and Capital Markets. During his career in SEB Arnis has worked as a credit analyst and project manager, as well as the Head of Private Clients Support department and Retail Special Credits Management department.

A.Škapars has graduated from University of Latvia with a degree in economics and management, and broadened his knowledge in client service and compliance as well as enhanced his leadership skills in various courses in Latvia and abroad. He has also taken part in the top management development program at SEB Wallenberg institute.

Arnis Škapars: "Latvia's economy currently is on the brink of a new cycle of development and with every quarter we see that the opportunities for individuals and companies to achieve their goals are improving. Bank's task is to support these ideas and to help our clients fulfil their aims. Therefore we will concentrate on growth, look for opportunities to support each well-considered project and not divert from our approach to responsible lending. We will become more active in approaching our clients with our knowledge and solutions and enable them to make better financial decisions!"

Ieva Tetere, CEO of SEB Latvia: "SEB is the second largest bank in Latvia in terms of client numbers, and high-quality service is our top priority in the areas of private individuals, small and medium sized companies, as well as large corporates. Our clients have high demands in terms of financing as well as in terms of introducing new opportunities and technologies. I am certain that Arnis' experience and skills will contribute to boosting the overall activity in both private individual and SME segments, as well as enhance satisfaction of customer with their decision in favour of SEB as their financial partner."

As reported earlier, on July 3rd the previous Head of SEB retail banking Ieva Tetere became the CEO and president of SEB Latvia, taking the responsibility of implementing SEB group's business strategy in Latvia.

SEB Latvia has already submitted the necessary paperwork to coordinate the upcoming changes in bank's management board with supervisory authorities: Financial and Capital Markets Commission of Latvia and the European Central Bank.