|WEEK 41st 2003
Friday, 10th of October, 2003
Hansabank got Lithuanian insurance company
Yesterday insurance company AB Bankas Hansabankas, which belongs to Lithuanian Hansabank signed a buying agreement according to which the shares of Lithuanian insurance company UAB Lietuvos Draudimo Gyvybes Draudimas will belong to AB Bankas Hansabankas. The deal is worth LTL 63.5 million or EEK 288 million. The proposition to buy Lithuanian insurance company was offered on September 15. Chairman of Hansabank Indrek Neivelt says that buying this insurance company supports the main strategy of the bank to offer all financial services to the client comfortably in one place.
Unexpectedly large number of joiners to the II pension pillar fund
During recent weeks obligatory pension fund campaign collected unexpectedly large number of participants. By now all over Estonia over 310 000 people have joined II pension pillar fund. Currently Hansabank is leading with 150 000 participants of the II pension pillar. Ühispank is on the second place with 96 000 followed by Sampo Pank with 46 000 participants. Other banks have 17 000 participants.
Thursday, 9th of October, 2003
Hansapank stock closed over the limit of EUR 20
Yesterday, the stock of Hansapank increased by o.35% up to EUR 20.07 (EEK 314.03) by the turnover of EEK 17.2 million. The last transaction was the only block deal with 10,000 Hansapank stocks.
Hansapank will publish its economic results on October 24.
News in one sentence
Number of Estonian Internet bank clients increased by 4909 up to 783,792 clients in September compared to August. Number of telephone bank clients increased by 2973 up to 237,054 clients.
Wednesday, 8th of October, 2003
Estonia is the most successful candidate state of the EU
According to the Lausanne Institute of Management Development (IMD), Estonia is the most competitive transitional country and the most successful candidate state of the EU.
IMD ranked the countries into the groups of countries with small and big population. Estonia was on the 17th place among the countries with population less than 20 million. Estonia outran countries like Czech Republic, Hungary, Israel and Slovenia.
Hansabank stock again on EUR 20
Yesterday, the stock of Hansabank rose up to EUR 20 again. Hansabank stock increased by 2.3% up to EEK 312.93 (EUR 20) by the turnover of EEK 43.7 million.
Tuesday, 7th of October, 2003
Number of Estonian Air passengers up by third in a year
Compared to September last year, the number of Estonian Air passengers grew by 39%. During nine months, the number of passengers grew by 28%.
In September, 39,176 passengers flew to 11 destinations with Estonian Air. 2551 passengers flew with order flights. Most passengers, 12,234, flew on the line of Tallinn-Copenhagen.
The ministry to expect faster economic growth next year
In the first half of 2003, Estonian economy grew by 4.3%. In August, the ministry of finance prognosticated the economic growth of 2003 to be 4.5% and in 2004 5.6%. Prognosticated acceleration of Estonian economy is based on expected recuperation of foreign demand. Estonian economy will increase also due to numerous support funds of the European Union.
Neue Zürcher Zeitung: Baltic stock exchanges on the rise
Investors are very pleased with the rate development of the past months at the stock exchanges of Estonia, Latvia and Lithuania, writes the Swiss newspaper. Market value of 15 most important enterprises listed at the stock exchanges is EUR 4.3 billion. EUR 1.7 billion of which are given by two Estonian companies Hansabank and Estonian Telecom.
Newspaper cites Sven Kunsing from Ühispank, according to whom rates increased mainly due to the interest of foreign investors. Foreign interest towards the stocks at the Tallinn and Riga stock exchanges might grow even more, when OMHex, the joint trading platform of Helsinki and Stockholm stock exchanges will start.
Baltic Weekly MonitorA