UniCredit Bank

The business units in the Baltic states focus on business with corporate customers. The units in Lithuania and Estonia will be integrated in UniCredit Bank in Riga by the middle of 2007 to create a pan-Baltic unit.

The units’ strength is based on the experience acquired by the Group in markets of industrial countries such as Italy, Germany and Austria, and is reflected in their participation in numerous syndicated loans in the region. The bank’s experience in trade finance is highly valued by customers. The bank’s electronic banking services are reputed to have the safest system throughout the Baltic region, and they are an efficient tool for linking up our customers’ parent companies with their subsidiaries in the Baltic states and other countries.

Outlook:

After the existing units have been reorganised, the new UniCredit Bank, with its head office in Riga, Latvia, will maintain branches in Lithuania and Estonia. This pan-Baltic bank will expand the range of products to include combined bank/insurance and leasing products (in cooperation with the Baltic leasing subsidiary company). Operations will continue to focus on expanding business with corporate customers.