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Uhispank to determine its role in insurance companies

Oct 01, 1998
Kairi Kurm

TALLINN - As the result of bank mergers, Estonia's Uhispank has become a shareholder of two Estonian insurance companies and has to make a decision this week about its participation in these competing companies. Uhispank is currently violating a treaty it signed with the shareholders of Seesam Insurance company, according to which it may not participate in a competing company. The bank acquired its stake in Seesam Insurance through the merger with the Pohja Eesti Pank, which had also acquired a ...

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