Šiaulių Bankas has exchanged the largest part of litas to euros comparing to other banks operating in the country


Since the beginning of the year to 1 July nearly one-sixth of all litas converted into euros in the country has been exchanged in the customer service points of Šiaulių Bankas. More than 192.6 thousand changeover  transactions have been performed, more than 529 million litas have been accepted and 153.2 million euros have been paid out.

An average amount brought to Šiaulių Bankas for conversion comprised 2747 litas which were exchanged to 795 euros accordingly. The largest amounts converted from litas to euros were exchanged  in Šiaulių Bankas at the beginning of the year -  on 5-8 January more than 35 million litas per day were accepted by the Bank.

"During the introduction of the euro we have dealt successfully with both the increased number of financial transactions and with a large flow of people. The fact that nearly one sixth of all litas has been converted through Šiaulių Bankas indicates that residents are taking advantage of the bank with one of the widest customer service networks in Lithuania", - said Vytautas Sinius, Chief Executive Officer of Šiaulių Bankas.

According to data provided by the Bank of Lithuania during the period since the euro adoption day and until 1 March free conversion of litas to euros was carried out in the cash offices of the Bank of Lithuania, in 343 units of commercial banks, 330 units of Lietuvos paštas (Lithuanian Post Office) and in 11 credit unions.  During the period between 2 March and 30 June litas was converted in euro in the banks only - more than 330 places used to render this service. More than 3 billion litas have been exchanged into euros and approximately 1.5 million exchange transactions have been performed over the first half a year.

Following the Law on  on the Euro Adoption in the Republic of Lithuania the number of exhange places has been reduced since 1 July 2015. Until the end of this year the litas banknotes will be exchanged free of charge only in Telšiai Customer Service Point of Šiaulių Bankas. Other customer service points do not exchange litas into euros any longer.  During the second half a year the litas banknotes will be exchanged into euros in 83 units of the commercial banks approved by the Bank of Lithuania - these places and their business hours are available on the site of the Bank of Lithuania at http://www.lb.lt/zemelapis. The Bank of Lithuania operating in  Vilnius and Kaunas will be echaning litas (banknotes and coins) for unlimited period of time.