© DELFI / Mindaugas Ažušilis

The Lithuanian branch of Sweden's SEB Bank has announced that its clients will have to pay more for many of the services as of June. This way, the bank's clients are to shoulder some of the losses the bank sustained from negative interest.

The most noticeable price hikes will affect SEB Bank's cash operations. The bank says it is forced to do it to balance the rising costs of its operations.

Baking profits in Lithuania fell dramatically as a result of negative interest environment, undercutting the banks' main revenue source, vz.lt reports. The losses need to be compensated, including from other banking services and commission, banks say.

Hackers fake press release about Lithuania asking US to move nuclear weapons

Hackers have sent out a fake press release claiming to be from the Lithuanian Foreign Ministry and...

National defense decided to buy six American Black Hawk helicopters

The leadership of Lithuania's national defense system has decided to buy six American Black Hawk...

Lithuanian army helicopter saves injured Russian citizen from tanker

A Lithuanian army helicopter saved an injured Russian citizen from a tanker , Lithuania's...

Nauseda arrives in Brussels for his 1st EU summit

Lithuanian President Gitanas Nauseda on Thursday arrived in Brussels to attend his first EU...

Russia dismisses reports of possible spy swap with Lithuania and Norway

The spokeswoman for Russia 's Ministry of Foreign Affairs on Thursday said she had no information...