Last update: 02.07.2024 12:07 (GMT+3)
AS OPTIVA PANK
ANNOUNCEMENT
20.05.1999
COMMENTARY TO THE ARTICLE OF ÄRIPÄEV
Optiva Pank wishes to inform the investors that the article published
on pages 12-13 of newspaper Äripäev of 20.05.99 does not reflect
truthfully the merger of AS Eesti Forekspank and AS Eesti
Investeerimispank and the events related to this merger. The article
contains numerous groundless speculations and factual errors.
The merger process of the aforementioned banks is described in detail
in the respective audited merger report and 1998 audited annual
report of Optiva Pank. Moreover, the Bank of Estonia as the major
shareholder of Optiva Pank has made several clarifying statements
regarding its motives and goals upon supporting the merger of the
aforementioned banks.
In order to obtain information more reliable than provided in the
article, AS Optiva Pank recommends to review the reports of
independent auditors.
Ranno Pajuri
Director of Market Communication
Optiva Pank
Tel. +372 6302 105