Šiaulių bankas successfully joined the banks in euro area


Šiaulių bankas completed the information system and data updating in relation with the euro and successfully joined the euro area banks. Today, on January 2nd, all the bank's offices are open during normal business hours so customers, as usual, can perform the necessary banking operations and use internet banking access.

"The transition to the euro took place in Šiaulių bankas according to the plan and very smoothly. In the last days of the previous year we successfully handled the increased number of financial transactions, and during the first two days of this year, customers’ need to use the bank services was even less than usual. This means that the Lithuanian people were very well informed about the transition to the euro and the new money will soon become completely normal in our daily life," said Šiaulių bankas Chief Executive Officer Vytautas Sinius.

On the New Year's Eve all funds, deposits and loans of our customers were automatically converted from LTL to EUR. Money was converted free of charge, based on the established LTL and EUR exchange rate being LTL 3.45280 for 1 euro.

Šiaulių bankas’ customers greeted EUR calmly enough: there was no large influx of customers. On the first day of the new year 674 customers visited seven Šiaulių bankas branches which opened their doors in the afternoon in the largest cities: Kaunas, Klaipėda, Šiauliai and Vilnius. During the afternoon of the first day of the year residents exchanged their LTL, which in total amounted half a million EUR. On the second day of the year the residents also visit bank branches to exchange their LTL into EUR in cash.

After euro introduction in Lithuania on the 1st of January, 2015, already a few minutes after midnight customers with Šiaulių bankas payment cards could withdraw their funds in euros from the general network ATMs. The first cashing out was carried out at 00:02 am. During the first day Šiaulių bankas customers cashed out over EUR 140000, i.e. about half less than usual.

On the 1st of January, shortly after the midnight, Prime Minister of the Republic of Lithuania Algirdas Butkevičius, Finance Minister Rimantas Šadžius and Vitas Vasiliauskas, the chief of Lietuvos bankas, cashed their first euro notes from the ATM located in Vilnius, on Gediminas Avenue. Šiauliai Mayor Justinas Sartauskas also cashed his first euros on January 1st from the Šiaulių bankas ATM installed in the shared network.

The first settlements in euro using Šiaulių bankas payment cards for the services were captured in Kaunas at 1:12 am and Siauliai district at 1:30 am. Total amount of the settlement for goods and services using payment cards on the first day of the year was almost 30 thousand euros, about a third less than the normal average per day.