Report about Hansabanka

The Hansabank Group is the largest financial institution in the Baltic States with over 7.3 billion euros in total assets and over 0.7 billion euros in shareholders’ equity. Since its establishment in 1992, the Hansabank Group has enjoyed a rapid growth and become the leading financial group in the Baltic States with over 2.5 million active customers and 5,900 employees.
Currently, the Hansabank Group is active in the banking markets of all three Baltic countries with its market share being one third of the region’s total banking market. The operations of the Hansabank Group are split into the following four business units: Estonia, Latvia, Lithuania and Russia. IT, product development, risk and financial management is performed on a centralized level – at the level of the Group.

A brief history

The history of the Hansabank Group dates back to 1 July 1991 when Hansabank, which has grown into the largest financial institution in the Baltic States today, started operating as a branch of Tartu Kommertspank (Tartu Commercial Bank). Officially Hansapank launched independent operations on 10 January 1992.
As soon as in the following year the bank set up its first subsidiary, AS Hansa Liising (Hansa Leasing), which focused on selling leasing products. A significant milestone in the history of the bank was the year 1995 when Hansabank`s shares were listed in the I-list of the Helsinki Stock Exchange. Besides, in 1995 Hansabank also opened a representation in the capital of neighbouring Latvia, Riga, and Hansa Liising´s subsidiary, AS Hansa Leasing Latvia, was launched.
In 1996, Hansabank established its presence in the largest market in the Baltic states, Lithuania. Differently from Estonia and Latvia, the first company set up there was Hansa Leasing Lithuania. In the same year Hansabank´s shares were listed on the over-the-counter market in Frankfurt. The Hansabank Group was developed at the end of 1996, when sales units Hansabank Estonia, Hansabank Latvia and Hansa Leasing were set up. On the basis of the bank`s financial markets division Hansabank Markets was set up to cover the financial markets of the Baltic states.…