Handelsbanken starts banking operations in Poland

Handelsbanken starts banking operations in Poland Handelsbanken has been working for a considerable period of time to start up a wholly-owned subsidiary bank in Poland. Last week, Bank Svenska Handelsbanken ( Polska ) S.A. received authorisation to conduct banking operations. Handelsbanken is the first foreign bank to receive such authorisation. The bank, which has a share capital of PLN 200 million, will focus on Nordic companies with operations in Poland and Polish companies with operations in the Nordic countries. Normal corporate banking services will be offered such as deposits, short- and long-term credits, domestic and cross-border payments, cash management and currency trading. General Manager for the bank is Raimo Valo. His e-mail address is: rava01@handelsbanken.se The address and phone number of the bank are: Bank Svenska Handelsbanken ( Polska ) S.A. Wisniowy Business Park E, ul. Ilzecka 26 02 - 135 Warsaw Tel. + 48 22 87 87 387 Fax. + 48 22 87 87 388 For further information please contact: Olle Lindstrand, Handelsbanken Markets International Banking, Stockholm, tel: +46 8 701 2742, or Lars Lindmark, Head of Handelsbanken's Corporate Communications, Stockholm, tel: +46 8 701 1036 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/08/20011008BIT00510/bit0002.doc http://www.waymaker.net/bitonline/2001/10/08/20011008BIT00510/bit0002.pdf