Services

Having expertise in Lithuanian local market business conditions, an extensive customer service network and a wide network of correspondent banks, Ūkio bankas offers a comprehensive package of services to financial institutions. Professional specialists in the bank’s head office and branch offices are always ready to provide you with the required services and answer your questions.

We offer the following services to financial institutions:

  • Money Transfer in LTL and EUR
  • Foreign Exchange and Money Market Transactions (FX/MM)
  • Documentary Operations
  • Securities Operations

Money Transfer in LTL and EUR

Ūkio bankas is member of Lithuanian payment system LITAS and can offer attractive conditions for credit and debit transfers in Lithuania.

If your clients deal with Lithuanian partners they may find payment in Litas the most convenient mode of settlement. Litas (LTL) is pegged to euro (EUR) at a fixed rate 3.4528. We offer attractive money transfer fees. For high-volume payments Ūkio bankas sets special fees adjusted to individual needs of our clients.

Ūkio bankas has an extensive network of EUR correspondents in EU countries and is a member of the main EUR clearing houses:

  • SEPA member for EBA SCT payments via Commerzbank, Frankfurt
    (BIC: COBADEFF);
  • EBA STEP2 member for EBA XCT payments via Commerzbank, Frankfurt
    (BIC: COBADEFF);
  • TARGET2 member of urgent EUR payments system via the central bank of Lithuania (BIC: LIABLT2X).

Ūkio bankas offers EUR and LTL payment services tailored to the client’s individual needs. Ūkio bankas provides high quality, integrated financial services including payments, foreign exchange, money market and other services.

For more information on money transfer please address employees of our International Payments Department:
Tel.: +370 37 301 369
Fax: +370 37 301 368
E-mail: payments@ub.lt

 

Foreign Exchange and Money Market Transactions (FX/MM)

Ūkio bankas dealers are ready to provide you with all necessary consultations and mediation in transactions involving:

  • foreign exchange
  • foreign exchange risk management
  • interest rate risk management

For more information on foreign exchange please address employees of our Treasury Department:
Tel.: +370 37 301394
Fax: +370 37 301393
E-mail: treasury@ub.lt

 

Documentary Operations

Ūkio bankas has successful experience in documentary transactions across Lithuania and abroad. We offer a documentary transactions service package for financial institutions:

  • issuing and advice of guarantees
  • issuing, approval and advice of letters of credit
  • acceptance of documents issued against letters of credit and for collection etc.

For more information on documentary transactions please address employees of our Financial institutions and Fund Raising Department:
Tel.: +370 37 301 329, +370 37 395 523
Fax: +370 37 3 01 375
E-mail: docoperations@ub.lt

 

Securities

Ūkio bankas Financial Brokerage Division provides the following services to financial institutions in relation to investment into securities:

  • purchase of equity and debt securities
  • portfolio management
  • custody of securities
  • buy-back transactions

For more information on investing in securities please address employees of our Financial Brokerage Department:
Tel.: +370 37 301 433, +370 37 301 432
Fax: +370 37 301 431
E-mail: makleriai@ub.lt