25 pct more companies established in Q1

SEB Pank said that in the period from January to April, 3 209 new public or limited companies were established, 25% more than in the same period in 2009. Allan Parik, head of corporate banking division at SEB Pank, said that the areas of operation of the new companies that had opened accounts in the bank were varied, but more than before businessmen had indicated personal and other business services as their sphere of operations.
“Building and decoration, wholesale and retail sale, which have also dominated in previous periods, follow,” Parik said. He said that about 6% of the new companies that had opened their accounts in SEB had mentioned industrial production as their field of activity, in the same range with statistics for 2007.
About 3 000 public and private shareholding companies a year start operations as SEB Pank clients.

Source: Estonian Review

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