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Hansabank opens office in Lithuania

Jul 15, 1999
By Paul Beckman

VILNIUS - Hansabankas, a subsidiary of the Hansabank Group in which Sweden's Swedbank holds a controlling share, officially swung its doors open for business in Vilnius July 7.Arunas Siksta, Hansa-bankas' board chairman, said the bank has a registered share capital of 33 million litas ($8.25 million) and has already grabbed 200 clients. Over the next three years, Hansabankas officials say they plan to take about 5 percent of the Lithuanian banking market. "The fact that we are part of a strong, ...

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