Investment Fees
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1. Opening of securities account |
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1.1. Opening securities account with the Bank |
Free of charge |
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1.2. Opening a personal securities account with Nasdaq CSD |
40.00 EUR | ||||
| 2. Trading in shares and exchange-traded funds (ETFs)1 | Online | At a bank branch, by telephone | |||
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2.1. Europe: |
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- Lithuania, Latvia, Estonia |
0.65 % (min. 5.00 EUR) |
0.20 % (min. 1.50 EUR) |
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- Ireland (1.00% stamp duty applies in the case of a purchase) |
0.50 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
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- Austria |
0.50 % (min. 45.00 EUR) |
0.40 % (min. 35.00 EUR) |
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- Belgium |
0.50 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
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- Bulgaria |
0.80 % (min. 100.00 EUR) |
0.50 % (min. 75.00 EUR) |
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- Czech Republic |
0.70 % (min. 90.00 EUR) |
0.50 % (min. 70.00 EUR) |
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- Denmark |
0.50 % (min. 55.00 EUR) |
0.30 % (min. 50.00 EUR) |
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- United Kingdom (a stamp duty of 0.5% applies for all purchases of local shares) |
0.50 % (min. 45.00 EUR) |
0.25% (min. 25.00 EUR) |
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- Greece (in the case of a sale, an 0.20% stamp duty) |
0.70 % (min. 100.00 EUR) |
0.70 % (min. 80.00 EUR) |
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- Spain |
0.50 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) | |||
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- Italy (in the case of purchases, financial transaction tax of up to 0.22% is applied |
0.35 % (min. 40.00 EUR) |
0.25 % (min. 25.00 EUR) |
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- Croatia |
0.90 % (min. 40.00 EUR) |
0.70 % (min. 30.00 EUR) |
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- Poland |
0.40 % (min. 20.00 EUR) |
0.30 % (min. 15.00 EUR) |
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- Netherlands |
0.35 % (min. 45.00 EUR) |
0.25 % (min. 25.00 EUR) |
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- Norway |
0.50 % (min. 45.00 EUR) |
0.30 % (min. 45.00 EUR) |
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- Portugal |
0.35 % (min. 45.00 EUR) |
0.30 % (min. 35.00 EUR) |
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- France (n the case of purchases, a 0.30% financial transaction tax is generally applied fee) |
0.35 % (min. 45.00 EUR) |
0.25 % (min. 25.00 EUR) |
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- Romania |
1.00 % (min. 75.00 EUR) |
0.60 % (min. 35.00 EUR) |
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- Serbia |
1.10 % (min. 120.00 EUR) | 1.00 % (min. 100.00 EUR) |
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- Slovakia |
0.90 % (min. 50.00 EUR) |
0.60 % (min. 40.00 EUR) |
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- Slovenia |
1.20 % (min. 130.00 EUR) |
0.90 % (min. 80.00 EUR) |
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- Finland |
0.35 % (min. 40.00 EUR) |
0.30 % (min. 30.00 EUR) |
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- Sweden |
0.30 % (min. 45.00 EUR) |
0.25 % (min. 35.00 EUR) |
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- Switzerland |
0.50 % (min. 50.00 EUR) |
0.30 % (min. 40.00 EUR) |
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- Turkey |
0.90 % (min. 45.00 EUR) |
0.60 % (min. 35.00 EUR) |
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- Hungary |
0.80 % (min. 55.00 EUR) |
0.60 % (min. 45.00 EUR) |
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- Germany Xetra |
0.35 % (min. 25.00 EUR) |
0.25% (min. 15.00 EUR) |
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- Germany Frankfurt |
0.50 % (min. 35.00 EUR) |
0.40 % (min. 30.00 EUR) |
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2.2. America: |
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2.2.1. US |
0.30 % (min. 35.00 EUR) |
0.25 % (min. 20.00 EUR) |
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(not less than USD 0.02 per share) |
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2.2.2. Canada |
0.30 % (min. 30.00 EUR) |
0.25 % (min. 30.00 EUR) |
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(not less than EUR 0.02 per share) |
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2.3. Other foreign markets and equity securities distributed by the Bank |
As agreed |
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3. Trading in investment funds |
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3.1. Bond and money market funds |
0.30 % (min. 30.00 EUR) |
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3.2. Equity and balanced funds |
0.50 % (min. 30.00 EUR) |
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3.3. Funds distributed by the bank |
As agreed |
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4. Trading in debt securities |
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4.1. When a counterparty is a Bank (transaction out of stock exchange) |
Free of charge2 |
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4.2. Bonds issued by Lithuanian, Latvian, and Estonian issuers |
0.20 % (min. 20.00 EUR) |
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4.3. Lithuanian Govt. bond auctions on the NASDAQ Vilnius Stock Exchange |
0.02 % (min. 20.00 EUR) |
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4.4. Bonds of other foreign countries, Eurobonds - outside of the stock exchange - on stock exchanges of foreign countries (except Nasdaq Baltic) |
- 0.25 % (min. 25.00 EUR) 0.25% (min. EUR 50) + third party fees |
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4.5. Bulgaria, Czech Republic, Greece, Croatia, Romania, Slovakia, Slovenia, Turkey, Hungary |
0.25 % (min. 55.00 EUR or 100 USD, if DVP transaction’s* currency is USD) |
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4.6. Unlisted debt securities |
0.25 % (min. 20.00 EUR) |
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4.7. Debt securities distributed by the Bank |
As agreed |
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5. Monthly fee for securities custody3 |
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5.1. Lithuania |
0.005 % |
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5.2. Latvia, Estonia |
0.007 % |
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5.3. Ireland, Australia, Austria, Belgium, Denmark, Great Britain, Greece, |
0.014 % |
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5.4. Bulgaria, Czech Republic, Georgia, Hong Kong, Croatia, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Hungary, Ukraine |
0.035 % |
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5.5. Bosnia (Banja Luka), Kazakhstan, Russia |
0.070 % |
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5.6. Eurobonds |
0.008 % |
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5.7. Investment funds - Artea Bank group companies - Other management companies |
- Free 0.015 % |
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5.8. Unlisted financial instruments |
0.005% |
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5.9. Management of personal securities accounts opened with Nasdaq CSD |
According to agreement | ||||
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6. Transaction fees4 |
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6.1. No fee Transfer of securities issued by Lithuanian, Latvian, and Estonian issuers to the accounts of another securities custodian |
10.00 EUR |
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6.2. Units of Tax-free transfer to the accounts of another securities custodian |
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- Belgium, Germany, the Netherlands, France, Denmark, Sweden, Norway, Finland, Italy, the UK, the US, Switzerland, Austria, Ireland, Luxembourg, Portugal, Spain, Japan, Hong Kong, Eurobonds |
30.00 EUR | ||||
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- Romania, Slovenia, Croatia, Turkey, Bulgaria |
35.00 EUR | ||||
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- Serbia |
50.00 EUR | ||||
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6.3. Tax-free transfer of securities (acceptance) |
Free of charge |
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6.4. Settlement when the bank acts as a custodian of securities and/or funds |
45 or 70 EUR** |
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6.5. Modification, correction, non-confirmation or cancellation of a transaction |
40.00 EUR |
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6.6. Conversion of depository receipts (GDR, ADR) into shares |
EUR 50 + third-party fees |
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7. Registration of transactions not concluded on the stock exchange5 |
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7.1. Registration of OTC transaction (purchase, sale, donation) of Lithuanian securities |
10.00 EUR |
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7.2. Registration of OTC transaction (purchase, sale, donation) of foreign securities |
20.00 EUR |
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7.3. Registration of an over-the-counter transaction with the transfer of securities to another intermediary |
30.00 EUR plus third party fees |
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7.4. Registration and settlement in USD of OTC transaction of foreign securities |
100.00 USD |
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7.5. Preparation, registration and settlement of non-standard OTC transaction |
Under agreement |
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7.6. Securities inheritance transaction (fee is paid by the securities recipient) |
10.00 EUR |
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7.7. Conclusion, extension of securities repurchase (repo) transaction |
100.00 EUR |
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7.8. Amendment of securities repo transaction conditions, except term of repo |
50.00 EUR |
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7.9. Pledge of securities6 |
15.00 EUR |
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8. Additional services |
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8.1. Representing the client in a meeting of shareholders (not available in some countries) |
EUR 145 + third-party fees (VAT included) |
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8.2. Participation in a foreign securities event that is not mandatory (not available in some markets) |
EUR 38 + third-party fees (VAT included) |
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8.3. Issuance of securities accounts statements from the document accounting archives of the issuer’s agent (in cases where the issuer’s securities accounting is no longer carried out by the agent) |
EUR 18 per security holder for statements from the securities accounts of a single issuer (VAT included) |
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8.4. Provision of copies of securities transaction documents from the securities document accounting archive |
EUR 3,70 per page, but not more than EUR 50 (VAT included) |
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8.5. Additional notifications7, statements, certificates upon request Submission In Lithuanian/English |
Based on the rates for certificates and other confirmations |
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8.6. Other services |
As agreed (VAT included) |
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* These are transactions that are concluded in accordance with the principle of simultaneous transfer of securities and funds (Delivery Versus Payment).
** In the case of instructions received on the settlement date, a fee of EUR 70 applies.
1 Transaction fees are charged in the transaction currency. Minimum transaction fees are converted into the transaction currency according to the euro and foreign currency exchange rate published by the Bank of Lithuania on the transaction date. The minimum transaction fee on the secondary market applies to all transactions made on the same day of the order. If an order is executed over several days, the minimum fee is calculated for each day of order execution. Transactions involving significant events (e.g., initial public offering, official offering, buyback of own shares, etc.) are subject to online rates. Some foreign exchanges may set a minimum order size or a minimum number of shares and its multiple. Some foreign countries apply an additional financial transaction tax or stamp duty. This tax is applied according to the country of registration of the financial instrument, not the country of trading.
2 When the Bank acts as a distributor of debt securities, the fee is determined by agreement.
3 The monthly securities custody fee is calculated each month based on the average value of the balance of each securities account. The value of securities is determined according to the last published market price of the securities on the stock exchange. If the market price is not determined and the fee for all debt securities is calculated based on the nominal value of the securities, the fee for investment fund units is calculated based on the last unit price published by the manager. The minimum fee for the custody of all securities is EUR 0.50. Third-party fees may also apply to depository receipts (ADRs, GDRs). Nasdaq CSD may apply a fee for interest payments on debt securities held in custody by Nasdaq CSD.
4 If the client’s securities are held in custody with third parties (foreign depositories, banks, etc.), the third-party fees include the fees charged by these custodians to the bank for the transfer of the securities.
5 In the case of registration of an OTC transaction, the fee is payable by both parties to the transaction, unless otherwise specified. In the case of registration of an OTC foreign securities transaction, fees imposed by third parties (foreign depositories, other intermediaries) apply when the securities are deposited with those third parties. Changes to the terms of the normal billing cycle may result in an increased fee.
6 Not applicable if the securities are pledged as collateral to secure obligations arising from a derivatives contract.
7 Additional documents are the documents (statements, reports, certificates, etc.) provided to the client additionally at the client’s request, excluding those documents which must be provided by the Bank to the client free of charge in accordance with the regulatory acts.