Swedbank Russia

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The proposed project envisages an equity investment to acquire 15% of the share capital in Hansabank’s newly acquired Russian subsidiary. The investment will support the USD 100 million capital increase of the bank and allow it to expand its operations into a full service bank. The proposed transaction will support the entry of new strategic investor into Russia that has experience of operating in similar environment to Russia. This will increase competition in the Russian banking sector and support the development of it. The Company will focus on serving Baltic, Scandinavian and Russian companies involved in cross-border trade between these countries. Hence the transaction will also help to facilitate cross-border trade between Russia and European Union. Hansabank, 99% owned by Swedbank, is the largest financial services group in the Baltic states. Its operations consists of retail and corporate banking, life insurance and asset management in three Baltic states. Equity investment of USD 15 million for purchasing recently issued shares from AS Hansabank. USD 100 million. Hansabank will be required to comply with EBRD’s Environmental Procedures for Intermediated Financing through Local Banks, including adherence to the Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety legislation, and submission of annual environmental reports to EBRD. None. Mr. Druvis Murmanis, CEO Tel: +7 095 777 63 77 Fax: +7 095 777 63 78