How will the transferring to the new Bank IT system affect customers?

After transition to the new IT system, new Deposit pay-out arrangements are coming into effect.

• Hereinafter, the Deposit Amount shall become available to the Customer on the Deposit maturity date; so far, the Deposit Amount has been available to the Customer on the next business day of the Bank after the Deposit maturity date.

If a Customer notice on early termination of Deposit contract is received, the Deposit contract will be terminated according to Part 3 “Deposit Regulations” of the General Regulations on Transactions of the Bank.

A different interest calculation method will be applied to the “Savings Account” deposit.

Further on, the accrued deposit interest as from EUR 0.05 will be transferred to the Savings Account. Up to now, the calculated deposit interest was added to the total Deposit amount at the end of each day.

After transition to the new IT system, some conditions of the following card contracts and fees will be amended:

• Contract on Opening, Servicing of the VISA Platinum Card Account and Granting Credit Limit;
• Contract on Opening, Servicing of the UNIVERSAL VISA Classic Card Account and Granting Credit Limit;
• Contract on Opening, Servicing of the UNIVERSAL VISA GOLD Card Account and Granting Credit Limit.

Further Card credit limit interest for the use of the card credit limit or its part will not be calculated for 45 (forty five) calendar days, if the amount of the credit limit used in the previous months is repaid in full by the 15th day of the following month. Until the present time, the Card credit limit interest was not calculated for the first 30 (thirty) calendar days of the use of the Card credit limit or its part from the date of the credit limit use.

Please find all changes in the bank’s fees attached.

After transition to the new IT system, new loan/credit payment deduction arrangements will come into effect:

• payments will be deducted on the payment due date after closing the day. Thus, there might be minor changes in the payment schedule; however, this will not affect total loan/credit costs. 

Private сlients – LR residents

Legal entities – LR residents

Private сlients – LR non-residents

Legal entities – LR non-residents