Hansapank  is  currently  negotiating  a  DEM  150  million  loan  with

international banks. The structure of the loan is the following: DEM 50

million would be lent to Hansapank by EBRD and DEM 100 million would be

syndicated  between  foreign commercial banks. The loan from EBRD has a

5-year  maturity  and  the syndicated loan a 3-year maturity. The total

cost   of  the  loan  for  Hansapank  will  be  determined  during  the

syndication process, but it is likely to exceed DEM

6-month  LIBOR  +2%.  According  to preliminary plans the loan is to be

received during November.