SAMPO PANK

ANNOUNCEMENT



SAMPO BANK AND LB KIEL SIGNED A SUBORDINATED LOAN AGREEMENT



Sampo Bank and LB Kiel concluded 120 million EEK subordinated loan agreement on

January 22, 2001. Sampo Bank will use the loan to refinance its current

subordinated floating rate notes and for general corporate purposes. The

subordinated loan strengthens the bank’s capital base; it  will be included to

Tier 2 capital in capital adequacy calculations. The loan has eight year

maturity and interest rate is 6 months' euribor + 1.9 per cent per annum.





Additional information



Ivar Pae

6 302 101

Director of Strategical Planning





Ruth Laidvee

Market Communications Director

+372 6 302 105