Following a decision taken by the Swedbank group on 15 Septemberthe Hansabank name was discontinued in with all operations rebranded under the Swedbank name. Officially Hansapank launched independent operations on 10 January The following year the bank set up its first subsidiary, AS Hansa Liising Hansa Leasingwhich focused on selling leasing products.
InHansabank established its presence in the largest of the Baltic states, Lithuania. In Hansabank Markets were created on the basis of bank's financial markets division; this unit dealt with financial markets of Baltic states. The year marks the period of mergers in the history of the bank.
In AprilHansabank merged with Eesti Hoiupank. The same year Swedish FöreningSparbanken currently Swedbank obtained over 50 per cent of Hansabank's shares through a share issue. In Swedbank made a buy-out offer to the minority shareholders and as of today Hansabank is a fully owned subsidiary of Swedbank Group.
In JulyHansabank's Lithuanian subsidiary Hansabankas opened its doors to clients in Vilnius, adding commercial banking to the services provided by Hansabank Group in Lithuania. On 10 March Hansabank successfully completed the acquisition of the Moscow-based OAO Kvest bank in Russia, which briefly operated under the Hansabank brand but has since been renamed Swedbank.
Hansabank operated under the names: Hansapank in EstoniaHansabanka in LatviaHansabankas in Lithuania and Hansabank internationally. Following the decision to rebrand the bank under the Swedbank name, a number of branches were renamed as Swedbank.
The legal name of the bank changed in springwhile the whole process of the brand change was completed by autumn Insome of the funds for the illegal sale Miljö och teknik illegal shipments of Russian weapons during the Iraq oil for food programme went through HansaBank to Estonia.
Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. In other projects. Wikimedia Commons. Company based in Estonia. Not to be confused with Hanseatic Bank. Archived from the original on 13 October Retrieved 5 October Retrieved 13 April Categories : Defunct banks of Estonia Defunct banks of Latvia Defunct banks of Lithuania Banks established in Latvian companies established in Banks disestablished in