Nordea offers cheaper and faster international payments

Nordea, the biggest financial services group in Nordic and Baltic region, continues its integration process. On December 5, 2001 Nordea banks in the four Nordic countries have changed their legal names to Nordea Bank Sweden AB (publ), Nordea Bank Finland Plc, Nordea Bank Denmark A/S and Nordea Bank Norway ASA.

Further stages of integration to Nordea will be related more with standardisation and unification of products, services and operations. This will bring more attractive possibilities to customers of Nordea in all Nordea countries.

In Lithuania Nordea offers cheaper and faster international payments between Nordea units. The bank offers several types of payments according to customers' needs and business area.

For companies, which have accounts both in Vilnius Branch and in Nordea banks in Nordic or Baltic countries Vilnius Branch offers Nordea Intracompany Payments. This type of payments can also be used between the accounts of companies' subsidiaries, if these accounts are in Nordea banks.

Incoming Nordea Intracompany Payments are credited to receivers account in Vilnius Branch free of charge. Outgoing payments to company's or its subsidiary's account in Nordea Nordic units will cost 40 LTL, to Nordea Baltic units – only 20 LTL. Nordea Intracompany Payments are not only cheaper, but also faster – they are sent the same day. These payments are sent using electronic banking system Solo that makes it easier and more convenient for customers.

For companies, which transfer money to other accounts to all Nordea units, Vilnius Branch is offering Nordea Payments and Nordea Baltic Payments.