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Dominique Sigros
Head of International Desk Central and Eastern Europe

Support by the
Crédit Agricole group

Last updated: August 2021

The International Central and Eastern Europe Desk of the Crédit Agricole Group, based in Vienna, assures via local banking partners the accompaniment of companies support to the Group’s business clients in Lithuania to help them implement their operations on location, particularly by opening accounts, financing residents and providing information on local businesses as well as banking advice.

For non-banking matters, the International Desk offers the support of local law and accounting offices and its partners as well as expertise in business internationalisation.

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Means of payment

With Lithuania

Company cheque

Bank cheque

SWIFT transfer

Bill of exchange

Promissory note

Documentary remittance

Documentary credit

Usage

Weak / None

Weak / None

Common

Weak / None

Weak / None

Weak / None

Common

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Advice from the
international desk

Means of Payment & Banking Specificities

Cash payment by SWIFT transfer before shipment of goods is highly recommended. The provision of an export credit agency backed financing or, potentially, an irrevocable and confirmed letter of credit should also be considered.

The confirmation of documentary credits in Lithuania is scrutinised on a case-by-case basis depending on the counterparty and duration of the commitment. The majority of transactions in Lithuania are still paid in advance, as advised above.

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