Eesti Hoiupank

Eesti Hoiupank was an Estonian bank which operated from 1992 to 1998.

Overview

Hoiupank was created during the dissolution of the Soviet Union from the Estonian operations of the Savings Bank of the USSR.[1]

In September 1996, Hoiupank initiated a merger with the Estonian Commercial Bank of Industry and Construction (ETEK), the Estonian successor entity of the Soviet Promstroybank.[2] It was subsequently the third-largest bank in the country.[3]

Hoiupank merged into Hansapank (currently Swedbank's Estonian subsidiary) in 1998.[4]

See also

References

  1. Khaled Sherif, Michael Borish, & Alexandra Gross. State-Owned Banks in the Transition: Origins, Evolution, and Policy Responses World Bank, 2003, retrieved 17 July 2024^
  2. Annual Report 1996. Development of the Financial Sector Eesti Pank^
  3. Hoiupank^
  4. Hansabank history swedbank.com, retrieved 20 December 2020^