OREANDA-NEWS. October 19, 2009. According to the Baltic online and mobile banking research executed by Metasite Business Solutions, the strongest developing bank among local Estonian banks is Parex Bank, climbing from eight to sixth position during the year, reported the press-centre of Parex Bank.

„Compared to last year, Parex Bank has made an extensive renovation, both internally and externally. We have updated our website and upgraded the Parex Online Banking system. Additionally we have launched unique products on the Estonian market offered only by Parex, like for example the flexible savings product Maxi-account and a term deposit with the possibility to exchange it’s currency during the term – FLEX. With Parex Pension Program we have entered a new, elderly client segment,” said the Development and Marketing Director of the Estonian branch Karl Anton. “New things are yet to come in the nearest future. Our aim is to become one of most advanced small banks in the Estonian market offering the best quality and variety of services,” he added.

According to the research, the qualities that have made the highest increase at Parex are the usability and understanding of the services provided.

The 2009 edition of the Baltic E-Banking Report covers all Estonian, Latvian and Lithuanian retail banks and compares their online and mobile banking services. Each bank is evaluated with the other and results are compared with the results from the last year. This provides a possibility to measure the progress of each bank throughout the year.