Services
Having expertise in the Lithuanian local market business conditions, an extensive client service network and a wide network of correspondent banks, Ūkio bankas offers a comprehensive package of services to financial institutions.
We offer the following services to financial institutions:
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money transfer in LTL and EUR;
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foreign exchange and money market transactions (FX/MM);
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documentary transactions;
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securities transactions.
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Money Transfer in litas and euro
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Ūkio bankas is a member of the Lithuanian payment system and can offer attractive conditions for payment transactions in Lithuania.
If your clients have close contacts Lithuanian partners they may find payment in litas the most convenient mode of cooperation. The Litas (LTL) is pegged to the euro (EUR) at a fixed rate of 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 correspondent banks in EU countries and is a member of the main EUR clearing houses:
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SEPA member for EBA SCT payments in euro via Commerzbank, Frankfurt (BIC: COBADEFF);
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TARGET2 direct participant.
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.
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Foreign exchange and money market transactions (FX/MM);
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Ūkio bankas dealers are ready to provide you with all necessary consultations and mediation in transactions involving:
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foreign exchange;
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foreign exchange risk management;
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interest rate risk management.
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Documentary transactions
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Ūkio bankas has successful experience in executing documentary transactions across Lithuania and abroad. We offer a full service package of relating to documentary transactions financial institutions:
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issuing and advice of guarantees;
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issuing, approval and advice of letters of credit;
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acceptance of documents issued against letters of credit and for collection etc.
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Securities transactions
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Ūkio bankas Financial Brokerage Department provides the following services to financial institutions in relation to investment into securities:
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purchase of equity and debt securities;
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portfolio management;
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custody of securities;
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repo deals.
