Word: hansabank
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Dates: during 2006-2006
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...this is being done on credit; banks report that their lending is up by a startling 50% this year, leading some to worry about a bubble economy, especially in real estate. "Some people think they have discovered the never-ending hockey stick," frets Erkki Raasuke, 35, chief executive of Hansabank, the country's biggest bank. Estonia's current torrid growth took him by surprise; he thought it would calm down once the country joined the E.U. in May 2004. Instead, it has accelerated, from an annual rate of 7.1% in 2003, to 8.1% in 2004 and 10.5% in 2005, according...
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