ForeningsSparbanken to open Helsinki affiliate

STOCKHOLM, Sweden, Jan. 27, 2005 (PRIMEZONE) -- ForeningsSparbanken has decided to open an affiliate in Helsinki, Finland. The office, set to open for business in the second half of 2005, will primarily offer qualified financial services to Swedish corporate clients with operations in Finland, as well as Finnish corporations with ties to the Swedish market.

- Corporate clients' need for a qualified and active banking partner outside their home market is increasing rapidly. Establishing ourselves in the dynamic Helsinki region, a hub for Swedish-Finnish business, is therefore a logical step in our efforts to enhance our services to corporations in both countries, comments Jan Liden, CEO and President of ForeningsSparbanken.

For further information, please contact: Jan Liden, CEO and President, ForeningsSparbanken, phone: +46-8-585 922 27 Henrik Kolga, Head of Communications, ForeningsSparbanken, phone: +46-708-11 13 15

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