Hansabank

From Wikicompany

Hansabank (or Hansabank Group) is an Estonian bank.

Since its establishment in 1992, the group has grown from its nine founding members to the largest banking institution in the Baltic states, with 6,000 employees and 2.5 million active clients.

The Swedish banking group Swedbank obtained in 1998 50% of the group shares, and this share has grown to about 95% now.

The Swedish banking group SEB owns Eesti Ühispank, Latvijas Unibanka and Vilnius Bankas, which are Hansabank's main competitors.

Business Units

Business unit	Scope of activities
Hansabank (Estonia)	Retail banking, Corporate banking, Asset management, Investment management, Leasing (hire-purchase)
Hansabanka (Latvia)	Retail banking, Corporate banking, Asset management, Financial markets, Leasing (hire-purchase)
Hansabankas (Lithuania)	Retail banking, Corporate banking, Asset management, Leasing (hire-purchase)
Russia	Trade financing, Asset management

Source: Hansabanka

History

Hansabank started initially as a branch of Tartu Kommertspank ('Tartu Commercial Bank) in Estonia on 1 July 1991.

Officially the independent operations started on 10 January 1992. The bank has since expanded its operations extensively by setting up subsidiaries and acquiring other financial institutions (leasing, insurance, etc.) in Estonia as well in Latvia and Lithuania.

In 1996 the Hansabank Group was formed to cover all operations.

At the middle of 2004 the group had over one million internet banking customers. The Group's total assets exceed 7.3 billion euros and shareholders' equity 0.7 billion euros (based on the 2004, 6 months results).

External links

• Hansapank's (Estonia) homepage
• Hansabanka's (Latvia) homepage
• Hansabankas' (Lithuania) homepage