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Uhispank's assets grow after merger

Aug 27, 1998

TALLINN (ETA) - Estonia's second largest commercial bank Uhispank announced that its assets grew in July by 2.7 billion kroons ($192.8 million) to 14.7 billion kroons as a result of its merger with Tallinna Pank.Uhispank did not reveal any profit or loss figures for July. The bank separately earned a profit of 81.6 million kroons in six months.Uhispank and Tallinna Pank finalized their merger on July 28, when the new bank was registered at the business registry. Uhispank's deputy president Ulo S ...

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