Metasite starts distribution of 2004 Baltic E-Banking Report

VILNIUS/RIGA/TALLINN, November 15, 2004 – After sharing the key findings of the 2004 Baltic E-Banking Report with the Baltic financial industry in late October during the Banking and Finance in the Baltics 2004 conference in Riga, on November 10 Metasite officially started distributing the full 180 page 2004 report to banks and other interested parties in Latvia, Lithuania and Estonia.

“While the 2003 Baltic E-Banking Report attracted significant amount of attention from Latvian and Lithuanian banks, this year the interest is even more dynamic,” said Aldas Kirvaitis, Managing Director of Metasite. “Having just started the distribution of 2004 report, we have already delivered copies not only to Latvia and Lithuania, but also to customers in Scandinavia, where the report is being ordered by financial groups that own well-known banks operating throughout the Baltics.”

The annual Baltic E-Banking research report analyzes the strengths and weaknesses in every Estonian, Latvian and Lithuanian retail bank’s internet offerings, benchmarking every individual bank against its peers and comparing the 2004 testing results with those of 2003, thus evaluating progress made during the last 12 months by every retail bank.

Following the resounding success of the last year’s report, the 2004 Baltic e-banking report has been expanded to cover retail banks in all the three Baltic countries (the 2003 version covered Latvia and Lithuania only). With the introduction of additional analysis and visual charting sections, the depth of the 2004 report has also been increased.