AS HANSAPANK

ANNOUNCEMENT

08.07.99

 

 

HANSAPANK’S DAUGHTER BANK STARTS ACTIVITIES IN LITHUANIA

 

Yesterday, Hansapank’s Lithuanian daughter bank, Hansabankas, 

opened 

its doors to all clients. Hansabankas is a universal bank, which 

services both retail as well as corporate clients. The bank’s share 

capital is LTL 33 million and it is a fully owned subsidiary of 

Hansapank.

The bank has set a target to reach a profit by year 2002 and by 

that 

time also to capture 5% of the Lithuanian banking market. For the 

expansion of Hansabankas’ activities in Lithuania, in the coming 

years 

new investments into the bank’s equity are possible, but at this 

time 

no such decisions have been made by the board of Hansapank.

 

 

AS HANSAPANK

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569