ESTONIAN BANKS SEE PROMISE IN NORTHEASTERN REGION.
Publication: Monitor Volume: 1 Issue: 68
Executivesof three leading Estonian banks told BNS August 4 that they seea substantial potential for commercial banking in Estonia’s heavilyindustrialized, Russian-settled region in the northeast. The banksplan to provide services to the region’s large enterprises assoon as their privatization begins. They also intend to use theregion as a gateway to Russia, hoping to establish a network ofbranch offices in neighboring Russian regions. The executivesremarked that Russians in northeastern Estonia display very littleinitiative in the field of banking
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