OREANDA-NEWS. August 18, 2008. Parex banka continues to expand its operations in Estonia by opening two new offices – in Tallinn and Tartu. The Bank is planning further expansion in the neighbor country by opening another office in Tallinn and other largest cities in Estonia, the press-centre of Parex banka reported.

Mr. Eizens Slava, Managing Director of Parex banka's Estonian branch, said the Latvian bank has serious business goals in Estonia. "In order to provide the best services to our clients we are actively widening our Estonian bank's services to retail clients and adding new products to our product basket, as well as considering a possibility to open new customer centres," Mr. Slava explained. “Being the largest independent financial institution with local capital in the Baltics, the Bank has a good comprehension of the Estonian customers' needs. At the same time our extensive network of branches and subsidiaries in other European nations and the CIS provides our customers added value based on a unique experience in these markets.”

“With the opening of these two client centres Parex banka is pursuing one of its strategic goals – to become one of the largest and most significant providers of financial services both in Latvia and the neighbouring states. In the nearest future we are planning to open yet another office in Tallinn and add new client service centres in other major Estonian cities. Moreover, in September, the Bank is opening a client service centre in Goteborg, the second largest city in Sweden,” revealed Mr.Peteris Pildegovics, Vice President of Parex banka.

Parex banka in Estonia offers its clients local and international payments, currency exchange, term deposits, online banking and various crediting and leasing products to private and legal entities. The new client centers are located: in Tartu - Soola 1A, and in Tallinn - Mahtra 1, the Mustakivi shopping center.