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Italian financier opens Estonian bank

Sep 30, 1999
By Brooke Donald

TALLINN - Preatoni Pank, a new commercial banking institution, was granted an operating license by Estonia's central bank on Sept. 23, making it the first new bank in Estonia in six years."The founders of the Preatoni Pank have fulfilled the requirements set by the credit institutions' law, so the council of the central bank has no reason to reject issuing the operating license," read a Bank of Estonia statement.The license will be issued in 10 days, said Andrus Kuusmann, the central bank's chi ...

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