Awards for Excellence 2008: Estonia

Hansabank – which is set for a name change to Swedbank in the autumn – dominates every sector of the retail and corporate banking market in Estonia and continues to grow rapidly. Total income in the 2007 financial year rose 39% and net profit hit €227 million – an increase of 28% on the previous year.

Nordic and Baltic regional Awards for excellence
Denmark Estonia Finland
Iceland Latvia Lithuania
Norway Sweden

Best bank: Hansabank 

Best equity house: SEB Enskilda 

Best M&A house: Gild Bankers 

Hansabank – which is set for a name change to Swedbank in the autumn – dominates every sector of the retail and corporate banking market in Estonia and continues to grow rapidly. Total income in the 2007 financial year rose 39% and net profit hit €227 million – an increase of 28% on the previous year.

The challenge for Hansabank – and, indeed, all Baltic banks – is to learn to cope with what will be sharply different economic conditions in the coming year.

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