OPTIVA PANK

ANNOUNCEMENT



MOODY'S UPGRADED OPTIVA PANK RATINGS



International rating agency Moody's Investors Service upgraded Optiva's 

deposit rating from Ba2/Not Prime to Baa1/P-2 level, and assigned a positive 

outlook to its financial strength rating E. The ratings were changed after 

the announcement about sale of majority holding in Optiva Pank to Sampo-

Leonia Group. Finnish Sampo's (Moody's financial strength rating A2) and 

Kaleva Mutual Insurance Company's joint venture Sampo Finance bought Estonian 

Central Bank's 58% holding in Optiva. Sampo made a take-over bid also to the 

rest of the shares in Optiva, and currently has 93% holding in the bank. 

Sampo intends to buy the remaining 7% of Optiva's shares and delist Optiva 

Pank from the Tallinn Stock Exchange.





Additional information:



Priit Perens

Management Board member 

Optiva Pank 

+372 6 302 101





Ruth Laidvee

Market Communications Director

+372 63 02 105