August 19, 2006
Joint ATM Network between Sampo Bank and Nordea in the Baltics
Sampo Bank and Nordea have agreed to set up an extensive ATM network, which will cover all three Baltic countries: Estonia, Latvia and Lithuania. The first ATMs will be put into operation in Baltic countries in September and other banks will be invited to join the network.
It is the first occasion when two major Nordic banks have started cooperation in a key area in the Baltics. The objective of this cooperation is to provide improved bankcard services and broader service access to both banks clients.
- After the creation of the joint ATM network, customer service and cash access for our clients will improve considerably. This joint project is a good example of successful cooperation between strong competitors, says Georg Schubiger, Head of Sampo East European Banking. By working together, every party wins from this project, especially our customer, he adds.
The ATM network starts with Sampo Bank and Nordea but other banks will also be invited to join.
- In the past we have been cautious to open up ATMs in the Baltic Markets but we need to meet our increasing number of customers demands for easy access to cash. We believe that cash withdrawal is a customer service, which can be effectively performed in co-operation, says Thomas Neckmar, Head of Nordea in Poland and Baltic countries.
First Data International will develop and maintain the ATM network for the banks across the Baltic region. The first ATMs provided by First Data under the cooperation agreement will be put up in Baltic countries in September. The new ATMs will have a design that bears the logos of both banks - Sampo Bank and Nordea.
In the coming years, Sampo Bank and Nordea are planning to put up altogether 400 ATMs: 100 in Estonia, 100 in Latvia and 200 in Lithuania.
Sampo Group is the largest Finnish insurance and financial services group. It comprises If, the leading P&C insurance company in the Nordic and Baltic countries, and Sampo, Finland's leading bank specialising in long-term savings, that has subsidiary banks in Estonia, Latvia and Lithuania. Sampo Bank plc is specialising in investments, savings and traditional banking products.
For further information
Georg Schubiger, Head of East European Banking, Sampo Bank plc, +358 10 516 0017
Hannu Vuola, Head of Group Communications, + 358 10 516 0040
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