ENP Newswire -
Release date- 17072014 - Commercial banks in
By this Memorandum, banks have made a commitment, during the most intensive changeover period, to serve customers at their branches longer, provide favourable conditions for putting cash litas into bank accounts, as well as apply other measures so that residents and businesses could exchange their money as smoothly as possible.
'Banks will have to play a very important role in the exchange of litas into euro. In order that this process is as simple as possible for residents and businesses, the
'Banks fully understand that the adoption of the euro is not only a complex process in technical terms, but a socially sensitive that as well; thus, during the adoption, they will extend the working hours of their branches according to their possibilities, and will allocate additional technical and staff resources so that the euro adoption is smooth and convenient for customers,' says
According to S. Kropas, the updated IT technological systems are capable to substantially ease the loads to banks' physical branches; therefore, both today and during the adoption period, bank customers are urged to use electronic payment instruments, thereby minimizing problems related to cash changeover.
The banks that have signed the Memorandum, during the intensive changeover period at the end of this year and at the beginning of next year, taking into account customer flows, are going to extend the working hours of their customer service units, also, where there are technical possibilities, in the second half of
Heads of the banks jointly with the
Having taking into account the limited possibilities for the small distribution businesses and service providers to envisage the necessary amount of funds for collateral against euro and ensure adequate storage of funds received during the frontloading, banks have made a commitment during the last five calendar days of 2014 to provide favourable conditions for the small enterprises for proper acquisition of euro banknotes and coins.
The Memorandum with the
The text of the Memorandum is published on the website of the
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