HANSAPANK

ANNOUNCEMENT

24.11.99

 

SUBSIDIARY'S SHARE CAPITAL INCREASE

 

The extraordinary shareholders' meeting of Hansabank's Latvian

subsidiary - Hansabanka decided today to increase the bank's

shareholders' equity by LVL 6 million through the issuance of 6

million new shared with a face value LVL 1 per share to the current

shareholders. The issue is fully underwritten by Hansabank.

At the end of September Hansabanka's share capital amounted to LVL

14.5 million and total shareholders' equity amounted to LVL 11.7

million.

 

 

Mart Toevere

Analyst

+372 6131 569