Hansabank from Estonia has signed the agreement with the Warsaw Stock Exchange (WSE) on joining the WSE IPO Partner programme. The agreement, among other benefits, enables Hansabank to better arrange listing of Baltic companies on the WSE.
With close to 3 million active customers, 300 branches and 8000 employees, Hansabank is a leading financial institution in all three Baltic countries. The company was established in 1991. Five years later it expanded successfully to Latvia, and three more years later to Lithuania. Since 2002, Hansabank is also present in Russian market.
As a universal bank it’s business model is based on a large customer base. Hansabank focuses on medium-sized companies and private individuals with above the average purchasing power.
Hansabank Group is the largest financial institution in the Baltic countries with total assets exceeding EUR 12.7 billion. The bank completed the 2005 with a net profit of EUR 241.8 million.
The WSE IPO Partner programme has been designed to foster promotional activities on foreign markets via the WSE partners – foreign brokerage houses. The Warsaw Stock Exchange intends to sign such agreements with entities conducting brokerage business or investment services related activities to attract more foreign issuers.
Within the agreement, the WSE Partner will receive a special logo of the authorized WSE IPO partner which may be used by the Partner during its canvassing activity.
The first company which signed such agreement with the WSE was E-Volution Capital from Ukraine. Next partners are: Altera Finance and Sokrat Capital from Ukraine and Suprema Securities from Estonia, witch operates in Baltic region.
Signing the agreement with another partner from Estonia, is a result of active promotional action undertaken by the WSE in the last months in the region. It is also the priority task for the WSE and results from the plan of creation of the CEE financial centre in Warsaw.
