At the start of the war, panicked wealthy clients considered evacuating their shares to Swiss banks, more than six months later, some Lithuanian financial intermediaries admit.

Representatives of Evernord, a Lithuanian brokerage firm, admit that at the beginning of the war they received “unexpected” requests to move the securities entrusted to Lithuanian FIs for accounting and management to foreign banks, allegedly because “if something happened, the enemies would be able to snatch the shares or bonds”.

“After long conversations, many meetings and therapy sessions, not a single client withdrew their securities accounts,” Vismantė Šepetienė, director of Evernord, recalls to VŽ her work with clients during the first days of the war.