AS HANSAPANK

ANNOUNCEMENT

30.04.99

 

HANSAPANK SOLD FABA BANK

 

Today Hansapank sold 100% of Faba Bank’s shares. Hansapank’s board 

has defined the Baltic region as its home market and therefore 

decided to sell its Russian daughter bank – Faba Bank. Hansapank has 

re-valued and provisioned fully its investments in the bank.

The above-mentioned transaction does not influence significantly 

Hansapank’s financial results for the month, nor can the transaction 

be considered as a transaction with related parties.

 

Additional information:

Ago Lauri

Head of Foreign Division

Tel: +372 61 31 320

 

AS HANSAPANK

 

 

Mart Toevere

Analyst

Tel. +372 61 31 569