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Eastern Europe

Moody’s Upgrades Hansapank to A2

Moody's Investors Service upgraded to A2 from Baa1 the senior unsecured debt ratings of AS Hansapank. The deposit ratings of Baa1/Prime 2 (which are set at the country ceiling for Estonia) and the financial strength rating of C- are confirmed...

Hansabanka to Increase Share Capital

It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market…


Privatisation of Banca Comerciala Romana to Proceed at Cautious...

It was announced earlier in the month that Romanian authorities had approved the privatisation strategy of Romania’s largest bank, Banca…

#bank#banks#BCR Publishing


Romanian Government to Sell Majority Stake in Banca Comerciala...

It has been reported that the Romanian government plans to sell a 51% stake in Banca Comerciala Romana in 2002.…


Demirbank Bulgaria Bought by Turkish Consortium

Demirbank Bulgaria has been bought by a Turkish consortium consisting of the former owner of the bankrupt Turkish bank, Halit…


Unicredito Italiano Acquires Majority Stake in Demirbank Romania

A 62.5% stake in Demirbank Romania, the company which, according to figures submitted to Factors Chain International for the year…


Troubled Slovak Bank to be Taken Over by State-Owned...

Slovak state-owned bank Konsolidacna banka Bratislava (KBB) will be taken over by state-owned factoring agency Slovenska Konsolidacna (SKo) before 31…

#bank#guarantee#liquidity


Konsolidacni Banka Record Q1 2001 Loss

The Czech state-run factoring bank, Konsolidacni Banka, has announced a first quarter loss of 933million koruna which compares with a…


Hansabank to buy Lithuania’s Second Largest Bank

Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a…

#bank#leasing


Enskilda of Sweden Increases its Shareholding in Polish Bank...

The Swedish-based bank Skandinaviska Enskilda Banken (SEB) has increased its shareholding in the Bank Ochrony Srodowiska (BOS) by 6% to…


Share Purchase Will not Impact on Hansa Leasing

An unspecified American fund has acquired 315,000 shares in Hansabank, the parent of Estonia’s largest factoring company, Hansa Leasing. The…


Players Line Up in Contest to Win Komercni Banka

The Czech Republic’s third largest banking group, Komercni Banka is poised for privatisation and big players across Europe are lining…

Italy’s UniCredito to bid for Komercni Banka of the...

UniCredito Italiano SpA, the Italian banking group, is to bid for the Czech Republic’s third largest bank, Komercni Banka (KB)…

#bank#poland

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