OMX Baltic Exchanges Welcome SBM Pank As A Pan-Baltic Member

On January 23, 2007, SBM Pank has been approved as a member on the Riga and Vilnius stock exchanges. Being already a member at the Tallinn Stock Exchange, SBM Pank has become the 15th pan-Baltic member.

SBM Pank is a credit institution established and operating since 1999 in Estonia. The business idea of SBM Pank is to utilize the positive effect EU enlargement has on business environment, where free movement of capital opens new markets for dynamic and creative entrepreneurs and investors. The South-North axis, starting from Greece, stretching over the Balkan Peninsula, the countries of Middle and Eastern-Europe and ending with the Nordic and Baltic states, is offering numerous business opportunities for its customers. A Greek company Marfin Financial Group with 50.12% stake is the bank’s major shareholder.

SBM Pank is the first member to expand its current member status at a single exchange to joint Baltic membership after the launch of the enhanced OMX Baltic membership concept at the beginning of 2007. Becoming a pan-Baltic member means a more streamlined application process and cost savings for existing and new members, including harmonized and efficient Guarantee Fund structure on the Baltic level and a simplified Financial Supervisory Authority notification procedure for all Baltic exchanges.

SBM Pank will trade on the Baltic exchanges under the trading code SBM. The Baltic exchanges have 40 members altogether.