OMX Baltic exchanges welcome SBM Pank as a pan-Baltic member

23.01.2007 VLN

SBM Pank is a credit institution established and operating since 1999 in Estonia. The business idea of SBM Pank is to utilize the positive effect EU enlargement has on business environment, where free movement of capital opens new markets for dynamic and creative entrepreneurs and investors. The South-North axis, starting from Greece, stretching over the Balkan Peninsula, the countries of Middle and Eastern-Europe and ending with the Nordic and Baltic states, is offering numerous business opportunities for its customers. A Greek company Marfin Financial Group with 50.12% stake is the bank’s major shareholder.

SBM Pank is the first member to expand its current member status at a single exchange to joint Baltic membership after the launch of the enhanced OMX Baltic membership concept at the beginning of 2007. Becoming a pan-Baltic member means a more streamlined application process and cost savings for existing and new members, including harmonized and efficient Guarantee Fund structure on the Baltic level and a simplified Financial Supervisory Authority notification procedure for all Baltic exchanges.

SBM Pank will trade on the Baltic exchanges under the trading code SBM. The Baltic exchanges have 40 members altogether.



For more information, please contact:
Tex Vertmann, Communication Manager
Tallinn Stock Exchange +372 640 8862

Inese Purgaile, Corporate Communication Specialist
Riga Stock Exchange +371 7212431

Gintare Blazyte, Communication Project Manager
Vilnius Stock Exchange +370 5 272 13 71