OREANDA-NEWS. On July 31, 2008 Aiming to assist small and medium enterprises to budget their banking expenses more efficiently, AB DnB NORD Bankas offered businesses a new solution branded BANKING SERVICE SUBSCRIPTION™. It opens a possibility to pay a fixed monthly fee for most frequently used banking services, reported the press-centre of DnB NORD Bankas.

“This simple and convenient solution will allow businesses to estimate their expenses more accurately and reduce their expenses on core banking services by about one tenth,” – says Evaldas Ruzgys, Corporate Product Development Department Manager of DnB NORD Bankas.
Depending on the annual turnover, entrepreneurs may choose BANK’S SERVICES SUBSCRIPTIONTM for a single monthly fee of LTL 60 or LTL 120.

Enterprises with annual turnover under LTL 1 million will be offered a monthly subscription for LTL 60. That will entitle them free corporate account handling and business card issuing services from AB DnB NORD Bankas. The company will be entitled to execute and receive via Internet up to 50 payment orders in Litas monthly to/from accounts within DnB NORD and other Lithuanian banks. Should the salary transfer agreement be signed, AB DnB NORD Bankas will transfer salaries to employee accounts free of charge.

The subscription holder’s employees will be offered special service terms for VISA Electron or MAESTRO payment cards.

The corporates with annual turnover of up to LTL 5 million will be offered monthly BANKING SERVICE SUBSCRIPTIONTM for LTL 120. The package will include execution and reception up to 120 payment orders in Litas a month to/from accounts in DnB NORD and other Lithuanian banks. On top of services included into the BANK’S SERVICES SUBSCRIPTIONTM 60 package, the 120-service users will get a 2 percentage points discount on sandard interest for the business card credit and will also get higher interest for the account balance in AB DnB NORD Bankas.

To subscribe for the service the coprorates will have to present their Profit (Loss) Account for a year. The newly established enterprises will be offered a specially designed service for them BUSINESS STARTUP VITAMINS™ that offers special banking service terms for them.

DnB NORD Bankas, which has won market recognition for its fast and flexible credit solutions, has extended LTL 2.2 billion worth of loans to finance the country’s business growth over the first six months of the year alone. The corporate loan portfolio of DnB NORD Bankas amounted to LTL 5.7 billion as at the end of June.

AB DnB NORD Bankas is a universal commercial bank providing banking services to individual and corporate customers. AB DnB NORD Bankas runs three subsidiaries: asset management company UAB DnB NORD Investiciju Valdymas, leasing arm UAB DnB NORD Lizingas and real estate brokerage UAB DnB NORD Bustas. The bank is part of Denmark-based DnB NORD banking group which was established by the Norway’s largest bank DnB NOR ASA and North Germany’s largest bank Norddeutsche Landesbank Girozentrale (NORD/LB).