AS HANSAPANK                  STOCK EXCHANGE RELEASE                 30.06.2005



ERKKI RAASUKE IS THE CEO OF HANSABANK GROUP



The Council meeting held today confirmed the nomination of Erkki Raasuke as the

CEO of Hansabank Group and the chairman of the Board of Hansabank. Previously Mr

Raasuke was the vice-chairman of the Board and Managing Director of the Group's

Estonian business unit. For the past two months, Raasuke has been working as the

acting CEO of the Group.



Erkki Raasuke: "I step into my new position with a good feeling. The past few

years have been very successful for Hansabank Group - we have become the clear

leader on Baltic markets and are moving on a steady course. As of this spring we

are an integral part of Swedbank Group and together we form one of the leading

Nordic-Baltic banking groups. This change will certainly provide new

opportunities for our clients as well as our employees. On the other hand,

Swedbank's  full ownership does not alter Hansabank Group's strategy. It rather

adds strengths necessary to pursue very ambitious goals. Hansabank's

organisational set-up and management responsibilities will remain and we will

continue implementing our current strategy. We have set ourselves very ambitious

targets, but I am confident that we have all the necessary ingredients to reach

them."



Jan Lidén, Chairman of the Council of Hansabank, CEO of Swedbank: "I am very

pleased that Erkki Raasuke has accepted the important role as a CEO of Hansabank.

He has the experience and skills to lead Hansabank which is a very important part

of our Group being a leading Nordic-Baltic bank. Together we now form one group

well equipped to cope with competitors and to target new opportunities and new

markets. I have great expectations that Erkki Raasuke and his management team

will continue the successful performance of Hansabank as well as contribute to

the Group as we now move ahead together".



Priit Põldoja, former head of retail banking in Estonia was appointed as the new

Managing Director of the Estonian business unit and Margus Rink, head of the

branch network was appointed as the new head of Estonian retail banking division.



Erkki Raasuke: "I am glad that Priit and Margus decided to accept this challenge.

I am convinced that we have the best people on these positions and a strong team

leading our Estonian unit."



The composition of the Hansabank board is the following:

Kristina Siimar - Chief financial officer

Aivo Adamson - Chief credit officer

Olli Heinonen - Chief information officer

Priit Põldoja - Managing director, Estonia

Ingrida Bluma - Managing director, Latvia

Ugis Zemturis - Head of retail banking, Latvia

Giedrius Dusevicius - Managing director, Lithuania

Druvis Murmanis - Managing director, Russia





Mart Tõevere

Head of Corporate Communications and IR

Tel. +372 6131 569