OMX Baltic stock exchanges welcome Bankas SNORAS AB as a pan-Baltic member


On August 16, 2007, Bankas SNORAS AB has been approved as a
member on the Riga and Tallinn stock exchanges. Being already a
member at the Vilnius Stock Exchange, the bank has become the
22th pan-Baltic member.

“By operating on the OMX Baltic stock exchanges, we will be
able to provide the customers with more flexible decisions,
which will better satisfy their needs,” noted Vladimir
Streckij, director of Bankas SNORAS Financial Brokerage
Department.
During fifteen years of operations Bankas SNORAS has become one
of the largest banks in Lithuania. The bank manages the most
expansive customer service network in the country, including
ten branches, seven branch outlets, 226 savings outlets and 325
ATMs.

Bankas SNORAS Financial Brokerage Department has been providing
financial broking and share acquisition funding services in
Vilnius stock exchange since 1995. The Bank also provides
investment services in the Russian Exchange, Lithuanian and
foreign investment funds‘ units. Bankas SNORAS manages 76
percent of the controlling holding of shares of the Latvijas
Krâjbanka, the oldest and the largest in terms of the customer
service network bank in Latvia. Bankas SNORAS directly manages
five subsidiaries in Lithuania and indirectly (through Latvijas
Krâjbanka)  - five subsidiary companies in Latvia, which
provide Lithuanian and Baltic market participants with real
estate management, constructions and renovation, money, leasing
and securities funds management services.

The Bank has its representative offices in Belgium, Czech
Republic, Estonia, Latvia, Ukraine and Belarus.

Within the first half-year of 2007 Bankas SNORAS group earned
LTL 35,2 million of non-audited net profit, i. e. by 23.4 %
more than within the same period in 2006, when the profit of
the Bank group amounted to LTL 28,5 million.

Bankas SNORAS AB will trade on the OMX Baltic stock exchanges
under the trading code SNO.
The OMX Baltic stock exchanges have 40 members altogether.


For more information, please contact:
Tex Vertmann, Communications Manager
Tallinn Stock Exchange +372 640 8862

Âris Dreimanis, Head of Corporate Communications
Riga Stock Exchange +371 7212431

Gintare Blazyte, Communication Manager
Vilnius Stock Exchange +370 5 272 34 58