Baltic Investment Group Bank AS (BIG) has issued yesterday, 11.04.2006, via SEB Eesti Ühispank, commercial bills to the sum of 17 million kroons.
This is an increase of the commercial bills issue to be redeemed on the 25th of October, 2006, making the new total volume of the issue 47 million kroons. The commercial bills were issued with a rate of return at 4% p.a. The issue conducted by SEB Eesti Ühispank was closed and the investors were mainly local institutional investors.
The Baltic Investment Group Bank (BIG), which received its credit institution licence last year, is the youngest bank based on Estonian capital and the largest specialist lender to private clients in the Baltic States after universal banks
and leasing companies. In March BIG expanded its product portfolio and launched, as a service in addition to loans for its clients, short-term deposits with an interest rate of up to 4% per annum - one of the highest interest rates in
Estonia. BIG\'s goal is to provide both private and business clients with fast, attentive and flexible financial services. BIG has 119 employees and a total of 12 branches in Estonia. Additional information about BIG is available on the
website at www.big.ee.
Targo Raus
Baltic Investment Group Bank AS
Chairman of the Board
targo.raus@big.ee
6 309 938






