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Bank hooked to international network

Dec 03, 1998
Anastasia Styopina

RIGA - Many Scandinavian banking tycoons see Baltic banks as important additions to their financial empires.As Swedish banks take over large Baltic ones, the Swedish-Finnish banking concern MeritaNordbanken Group does not want to lag behind its competitors."Our strategic goal is to be a leading bank in the Nordic area. That also includes the Baltics," said Pertti Voutilainen, president of MeritaNordbanken Group.In December 1997, MeritaNordbanken Group made its first purchase in Latvia, acquiring ...

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