BIGBANK
BIGBANK Opened a branch in Latvia

Balti Investeeringute Grupi Pank / 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------

On Thursday, November 27, 2008 the Latvian branch of Balti Investeeringute
Grupi Pank AS (BIGBANK) started operations. 

The branch will start operations under the trade name BIGBANK. Opening the
branch allows BIGBANK to expand it's operations in Latvia allowing to start
also issuing term deposits in addition to consumer credits. BIGBANK does not
plan to offer any other bank services. 

Opening a branch in Latvia is a natural continuation in the development of
BIGBANK as it allows to unify the product portfolio of the bank and utilise the
synergy of the same trade mark, said Targo Raus, CEO of BIGBANK. 

Until now, BIGBANK operated in Latvian market through a subsidiary SIA Baltijas
Izaugsmes Grupa established in 1996 specialising in consumer credits only. The
loan portfolio of Latvian subsidiary amounted to 996 million kroons as of the
end of Q3 which forms 41.5% of the total loan portfolio of BIGBANK. 

Additional information: 

Targo Raus
CEO
targo.raus@big.ee  

Tel:+372 735 0923

News Source: NASDAQ OMX

27.11.2008  Financial News transmitted by DGAP
----------------------------------------------------------------------
 
Language:     English
Issuer:       Balti Investeeringute Grupi Pank
              
               
              Estonia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         EE3300082940
WKN:          
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------