Today,  November 17, Hansapank signed a DEM 150 million syndicated loan

agreement.  The  joint arrangers of the loan are EBRD, Bankgesellschaft

Berlin  and  Hamburgische  Landesbank.  The  loan  will be taken in two

tranches. DEM 50

million  will  be borrowed from EBRD with a 5 year maturity and DEM 100

million  through  a  syndication  of  commercial  banks  with  a 3 year

maturity. The cost of the 5 year loan is DEM Libor + 2.5%

(all-in  cost)  and  the  cost  of the 3 year loan is DEM Libor + 2.25%

(all-in  cost).The  funds from the loan will be received before the end

of  the year and they will be used for improving the asset structure of

the group.