Investment Services

  In the bank‘s branch / By telephone Via Internet

1. Opening of securities account1

Free of charge

2. Trading in shares and exchange-traded funds (ETF)2

2.1. Europe:

2.1.1. Lithuania, Latvia, Estonia3 

0.65 % (min. 5.00 EUR) 0.20 % (min. 1.50 EUR) 

2.1.2. Ireland (stamp duty of 1.0% applies for all purchases) 

0.50 % (min. 40.00 EUR) 0.30 % (min. 30.00 EUR)

2.1.3. Austria

0.50 % (min. 45.00 EUR) 0.40 % (min. 35.00 EUR)

2.1.4. Belgium

0.50 % (min. 40.00 EUR) 0.30 % (min. 30.00 EUR)

2.1.5. Bulgaria

0.80 % (min. 100.00 EUR) 0.50 % (min. 75.00 EUR)

2.1.6. Czech Republic

0.70 % (min. 90.00 EUR)  0.50 % (min. 70.00 EUR) 

2.1.7. Denmark

0.50 % (min. 45.00 EUR)  0.30 % (min. 35.00 EUR)

2.1.8. Great Britain (a stamp duty of 0.5% applies for all purchases of local shares)

0.50 % (min. 45.00 EUR) 0.30 % (min. 35.00 EUR)

ETFs, Depositary Receipts (GDR / ADR)

0.40 % (min. 55.00 EUR) 0.40 % (min. 50.00 EUR)

2.1.9. Greece (a stamp duty of 0.2% applies for all sales)

0.70 % (min. 100.00 EUR)  0.70 % (min. 80.00 EUR)

2.1.10. Georgia

2.50 % (min. 50.00 EUR) 2.50 % (min. 30.00 EUR)

2.1.11. Spain

0.50 % (min. 45.00 EUR) 0.30 % (min. 35.00 EUR)

2.1.12. Italy (a stamp duty of 0.22% for all purchases)

0.35 % (min. 40.00 EUR) 0.30 % (min. 35.00 EUR) 

2.1.13. Croatia

0.90 % (min. 40.00 EUR) 0.70 % (min. 30.00 EUR)

2.1.14. Poland

0.40 % (min. 20.00 EUR) 0.30 % (min. 15.00 EUR)

2.1.15. Netherlands

0.35 % (min. 45.00 EUR) 0.30 % (min. 35.00 EUR)

2.1.16. Norway

0.50 % (min. 45.00 EUR) 0.30 % (min. 35.00 EUR)

2.1.17. Portugal

0.35 % (min. 45.00 EUR) 0.30 % (min. 35.00 EUR)

2.1.18. France (A financial transaction taxof 0.3% applies for all purchases)

0.35 % (min. 45.00 EUR) 0.30 % (min. 40.00 EUR)

2.1.19. Romania

1.00 % (min. 75.00 EUR) 0.60 % (min. 35.00 EUR)

2.1.20. Russia MOEX

0.50 % (min. 35.00 EUR) 0.35 % (min. 25.00 EUR)

2.1.21. Serbia

1.10 % (min. 120.00 EUR) 1.00 % (min. 100.00 EUR)

2.1.22. Slovakia

0.90 % (min. 50.00 EUR) 0.60 % (min. 40.00 EUR)

2.1.23. Slovenia

1.20 % (min. 130.00 EUR) 0.90 % (min. 80.00 EUR)

2.1.24. Finland

0.35 % (min. 40.00 EUR) 0.30 % (min. 30.00 EUR)

2.1.25. Sweden

0.30 % (min. 45.00 EUR) 0.25 % (min. 35.00 EUR) 

2.1.26. Switzerland

0.50 % (min. 50.00 EUR) 0.30 % (min. 40.00 EUR)

2.1.27. Turkey

0.90 % (min. 45.00 EUR) 0.60 % (min. 35.00 EUR)

2.1.28. Hungary

0.80 % (min. 55.00 EUR) 0.60 % (min. 45.00 EUR)

2.1.29. Germany Xetra

0.35 % (min. 25.00 EUR) 0.30 % (min. 20.00 EUR)

2.1.30. Germany Frankfurt

0.50 % (min. 35.00 EUR) 0.40 % (min. 30.00 EUR)

2.2. America:

2.2.1. US

0.30 % (min. 35.00 EUR) 0.25 % (min. 20.00 EUR)
(not less than EUR 0.02 per share)

2.2.2. Canada

0.30 % (min. 30.00 EUR) 0.25 % (min. 30.00 EUR)
(not less than EUR 0.02 per share)

2.3. Other foreign markets and equity securities distributed by the Bank

As agreed

3. Trading in investment funds

3.1. Bond and money market funds

0.30 % (min. 30.00 EUR)

3.2. Equity and balanced funds

0.50 % (min. 30.00 EUR)

3.3. As agreed

As agreed

4. Trading in debt securities

4.1. When a counterparty is a Bank (transaction out of stock exchange)

Free of charge4

4.2. Lithuanian, Latvian, Estonian bonds, except Eurobonds

0.05 % (min. 10.00 EUR)

4.3. Lithuanian Govt. bond auctions on the NASDAQ Vilnius Stock Exchange

0.02 % (min. 10.00 EUR)

4.4. Bonds of other foreign countries, Eurobonds

0.10 % (min. 25.00 EUR)

4.5. Bulgaria, Czech Republic, Greece, Croatia, Romania, Slovakia, Slovenia, Turkey, Hungary

0.10 % (min. 55.00 EUR or 100 USD, if DVP transaction’s5 currency is USD)

4.6. Unlisted debt securities 

0.20 % (min. 20.00 EUR)

4.7. Debt securities distributed by the Bank

As agreed

5. Securities safekeeping fee (monthly)6
Market

5.1. Lithuania

0.005 %

5.2. Latvia, Estonia

0.007 %

5.3. Bosnia (Banja Luka), Kazakhstan, Russia

0.070 %

5.4. Bulgaria, Czech Republic, Georgia, Hong Kong, Croatia, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Hungary, Ukraine

0.035 %

5.5. Ireland, Australia, Austria, Belgium, Denmark, Great Britain, Greece,
Spain, Italy, Japan, the USA, Canada, Luxembourg, Norway, Netherlands, Portugal, France, Singapore, Finland, Sweden, Switzerland, Germany

0.014 %

5.6. Eurobonds

0.008 %

5.7. Investment funds 

0.015 %

5.8. Unquoted financial instruments

0.005%

6. Transaction fees7

6.1. Free-of-payment transfer of securities of Lithuanian, Latvian, Estonian issuers to the account of another custodian or from the account of the Issuer

10.00 EUR

6.2. Free-of-payment transfer of investment fund units registered in Lithuania to the account of another custodian or from the account of the Issuer

7.00 EUR

6.3. Free-of-payment transfer of foreign securities to the account of another custodian

10.00 EUR plus third party fees

6.4. Free-of-payment transfer (acceptance) of foreign securities

7.00 EUR plus third party fees

6.5. Confirmation of transaction when the bank acts only as the custodian of securities or funds (cash)8

45.00 - 70.00 EUR

6.6. Amendment, error correction, failure to confirm or cancelation of operation

20.00 EUR plus third party fees

7. Registration of OTC transactions9

7.1. Registration of OTC transaction (purchase, sale, donation) of Lithuanian securities

10.00 EUR

7.2. Registration of OTC transaction (purchase, sale, donation) of foreign securities

20.00 EUR plus third party fees

7.3. Registration of an over-the-counter transaction with the transfer of securities to another intermediary

30.00 EUR plus third party fees

7.4. Registration and settlement in USD of OTC transaction of foreign securities

100.00 USD

7.5. Preparation, registration and settlement of non-standard OTC transaction

Under agreement

7.6. Securities inheritance transaction (fee is paid by the securities recipient)

5.00 EUR

7.7. Conclusion, extension of securities repurchase (repo) transaction

14.00 EUR

7.8. Amendment of securities repo transaction conditions, except term of repo

8.00 EUR

7.9. Pledging of securities10 

15.00 EUR

7.10. Participation in a material event (participation in material events announced by foreign companies, which are not mandatory)

14.00 EUR plus third party fees

8. Provision of additional reports11, statements, certificates under request

8.1. Lithuanian / English

In accordance to the fees of preparation of reports and other certificates

8.2. Delivery of information by mail

In accordance to the correspondence dispatch fees

9. Certificate of taxes paid to a foreign country (outside the European Union)

50.00 EUR plus third party charges

10. Other investment services

10.1. Provisions of the securities accounts statements from the issuer’s document accounting archives (in cases when the issuer‘s securities accounting is no longer carried out by the issuer)

5.00 EUR per one securities owner‘s statement from issuer‘s securities accounts

10.2. Provisions of copies of the securities transaction documents from the document accounting archive

3.00 EUR per page but not exceeding 10.00 EUR

10.3. Other services

As agreed

1 A personal securities account can be opened with the central securities depository. The price is determined by agreement.

2 Transaction fees are deducted in the transaction currency. The minimum transaction fees are recalculated into the transaction currency at the exchange rate between the euro and the foreign currency announced by the Bank of Lithuania on the transaction date. The minimum transaction fee in the secondary market applies to all intraday transactions in a single order. If the order is executed for several days, the minimum fee is calculated for each day of execution of the order. Some foreign exchanges may set a minimum order size or a minimum number of shares and its multiple. Some foreign countries have an additional financial transaction or stamp duty. This tax is levied according to the country of registration of the financial instrument and not according to its country of trading.

3 In the special procedures markets (e.g. official bidding, public sale, etc.) online fee is applicable.

4 When the Bank acts as a distributor of debt securities, the fee is determined by agreement.

5 Delivery versus payment (DVP) transactions stipulates that cash payment must be made or simultaneously with the delivery of the security.

The monthly securities custody fee is calculated every month from the average value of balance of each securities account.  The value of securities is determined based on the last published market price of securities on the stock exchange. If a market price is not established  and in case of all deb securities  a fee shall be calculated according to the nominal value of the securities. In case of the investment funds' units - according to the last price published by the administrator. The minimum storage fee for all securities is EUR 0.50. Depository receipts (ADR, GDR) may be subject to additional third party fees. Debt securities held in Nasdaq CSDs may be subject to the Nasdaq CSD fee applicable to interest disbarment. 

7 If client’s securities are stored at third parties (foreign depositories, banks and other custodians), the third-party charges include fees for securities transfer applied by the custodians to the bank.

8 A fee of EUR 70 applies  upon receipt of the instruction on the settlement date.

9 In case of registration of OTC transaction the fee is paid by both parties unless stated otherwise. In case of registration of OTC transaction of foreign securities, the charges established by third parties (foreign depositories, other intermediaries) shall be applied when securities are safe stored by these third parties.

10 Shall not apply if securities are pledged as collateral to ensure fulfilment of liabilities arising from embedded derivative agreement.

11 Additionally submitted documents shall mean such documents (statements, reports, certificates, etc.) which, upon the client’s request, shall be submitted to the client additionally not including the documents which have to be provided by the bank to the client free of charge in compliance with the regulations.