VILNIUS. DNB Bankas, part of Norway's largest financial services group, became the country‘s first finacial institution offering an option to business start-ups to open a cumulative account and form the authorised capital on-line at the moment of e-registration of the company. The bank also offers a special service package. VITAMINS FOR BUSINESS START-UP^®  designed to help the newly set-up companies to grow their business under more favourable financial terms.

Almost 25 percent of new legal entities registered in the country‘s Register of Legal Entities this year were registered via internet, i.e. out of approximately 8.4 thousand new legal entities set-up some two thousand chose to do that online and the number is constantly increasing. Legal entities are registered in the self-service website of the  register registrucentras.lt/savitarna.

According to Evaldas Ruzgys, Product Development Department Manager of DNB Bankas, the founders willing to register a company and form its authorised capital may open cumulative account without visiting the bank. "Once the company's founder fills-in an e-form our bank's employee prepares a cumulative account agreement, signs it with e-signature and same day sends it back for the entrepreneur who just has to visit the bank to open current account.t"  said Evaldas  Ruzgys.

The project partner was Etronika firm. The company's specialists designed a system that allows a customer to confirm his identity with e-signature easily and quickly. The company also designed and implemented a safe process for data exchange between the bank and the Centre of Registers. Kęstutis Gardžiulis, Director of UAB Etronika, said Etronika was glad to implement this challenging task that also resulted in useful experience for the future projects.

A possibility to handle formalities of opening a cumulative account via internet is just one of the services offered by DNB Bankas to business start-ups, i.e. there are other specific financial solutions available to new companies.

For a period of up to one year DNB Bankas offers each newly registered legal entity free-of-charge payment orders, free opening of accounts and business payment card Furthermore, each legal entity is asigned a personal bank‘s manager who helps the customer to find financial solutions that meet the company's financial needs best.

DNB Bankas is a member of Norway's largest financial services group, that provides banking services to 685 thousand individual and corporate customers in Lithuania.