• Corporate clients
• Loans
• State-supported loans

State-supported loans

Ūkio bankas extends soft loans to businesses with the State’s guarantees. A State guarantee enables the companies, with insufficient or without assets to be pledged with the bank to secure loan repayment, to receive loans.

Open Credit Fund

Credits are granted using the money of INVEGA fund allocated for implementation of the measure Open Credit Fund.

Credit terms

• Borrowers – all small and medium-seized businesses* that are registered and carrying out activities in the Republic of Lithuania.
• Credit purpose: for investment and/or working capital.
• Currency: credits are granted in litas and euros.
• Credit amount: up to LTL 2,000,000 (or the equivalent in euros).
• Credit repayment term: by 31 December 2015 at the latest.
• One company may be granted not more than two credits within a period of 12 months.
• Credit interest rate is variable:
  • on credits in litas – 3 months VILIBOR plus margin but not less than 5 percent and not more that 10 percent in annual interest;
  • on credits in the euros – 3 months EURIBOR plus margin but not less than 4 percent and not more than 6 percent in annual interest;
  • margin not higher than 3.1 percent.
• Credit repayment may be secured by pledging real or other property, by submitting UAB Investicijų ir verslo garantijos (Investment and Business Guarantees – INVEGA) guarantees.

* Small and medium-sized businesses as they are defined in the Law on the Development of Small and Medium-sized Businesses (Valstybės žinios (Official gazette) No 109-2993, 2007; No 132-53)

Granting small credits

Credits are granted using the funds received under measures ‘Granting small credits – Stage 1’ and ‘Granting small credits – Stage 2’ in implementing the Economic Promotion Plan.

Credit granting terms under the measure ‘Granting small credits – Stage 1’

• Credit recipients – micro, small and medium-sized enterprises registered and pursuing activities in the Republic of Lithuania.
• Credit purpose – for investments and/or working capital.
• Credit amount – up to LTL 175,000.
• Credit repayment term – by 1 July 2013.
• One enterprise may receive not more than one credit.
• Credit is subject to variable interest: 6-months VILIBOR plus a margin not higher than 2.6 per cent. The total interest rate may not exceed 8.6 per cent.
• Very favourable fees are applicable for credits.
• To secure credit repayment, real estate or other property can be pledged and guarantees from UAB Investicijų ir verslo garantijos (INVEGA) are accepted.

Credits are not granted for the following activities:

• Wholesaling
• Agriculture
• Construction
• Financial and insurance activities
• Legal practice
• Activities carried out outside Lithuania

Credit granting terms under the measure ‘Granting small credits – Stage 2’

Credit granting terms

• Credit recipients – micro, small and medium-sized enterprises registered and pursuing activities in the Republic of Lithuania.
• Credit purpose – for investments and/or working capital.
• Credit amount – up to LTL 350,000.
• Credit repayment term – by 31 December 2014.
• One enterprise may receive not more than one credit during a 12-months period.
• Credit interest – variable:
  • 3-months VILIBOR plus 0.6 per cent but not less than 4.6 per cent in annual interest –  for companies carrying out projects in Vilnius, Kaunas and Klaipėda municipalities;
  • 3-months VILIBOR minus 0.4 per cent but not less than 3.6 per cent in annual interest – for enterprises carrying out projects in other municipalities.
• To secure credit repayment, real estate or other property can be pledged and guarantees from UAB Investicijų ir verslo garantijos (INVEGA) are accepted.

More detailed information is available from the Bank’s officers at Ūkio bankas branches and units. You can also send your inquires via the Internet.