Market announcement
Bigbank AS
LEI code
5493007SWCCN9S3J2748
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
1958
Submission date and time
27.11.2008 11:15:43
Content of announcement in Estonian
Title
BIGBANK avas Lätis filiaali
Message
Neljapäeval, 27. novembril 2008 alustas tegevust Balti Investeeringute Grupi Panga (BIGBANK-i) Läti filiaal. Filiaal hakkab tegutsema panga rahvusvahelise kaubamärgi BIGBANK all ja selle avamine lubab BIGBANK-il laiendada oma senist tegevust Lätis, hakates lisaks tarbimislaenudele pakkuma ka tähtajalisi hoiuseid. Muid pangateenuseid ei ole plaanis BIGBANK-il pakkuda. „Lätis filiaali avamine on loogiline samm BIGBANKi arengus, kuna võimaldab ühtlustada panga tooteportfelli ning kasutada ettevõtte rahvusvahelisest kaubamärgist tulenevat sünergiat,“ märkis BIGBANK-i juhatuse esimees Targo Raus. Seni tegutses BIGBANK Läti turul läbi 1996. aastal asutatud tütarettevõtte SIA Baltijas Izaugsmes Grupa, spetsialiseerudes vaid tarbimislaenudele. Läti tütarfirma laenuportfell ulatus tänavu III kvartali lõpu seisuga 996 miljoni kroonini, mis moodustab 41,5 protsenti BIGBANKi kogu laenuportfellist. Lisainfo: Targo Raus Juhatuse esimees [email protected] Tel: 735 0923
Content of announcement in English
Title
BIGBANK Opened a branch in Latvia
Message
On Thursday, November 27, 2008 the Latvian branch of Balti Investeeringute Grupi Pank AS (BIGBANK) started operations. The branch will start operations under the trade name BIGBANK. Opening the branch allows BIGBANK to expand it's operations in Latvia allowing to start also issuing term deposits in addition to consumer credits. BIGBANK does not plan to offer any other bank services. “Opening a branch in Latvia is a natural continuation in the development of BIGBANK as it allows to unify the product portfolio of the bank and utilise the synergy of the same trade mark”, said Targo Raus, CEO of BIGBANK. Until now, BIGBANK operated in Latvian market through a subsidiary SIA Baltijas Izaugsmes Grupa established in 1996 specialising in consumer credits only. The loan portfolio of Latvian subsidiary amounted to 996 million kroons as of the end of Q3 which forms 41.5% of the total loan portfolio of BIGBANK. Additional information: Targo Raus CEO [email protected] Tel:+372 735 0923