EESTI ÜHISPANK

ANNOUNCEMENT

15.09.1999

 

 

EESTI ÜHISPANK IN AUGUST, 1999

 

As at August  31, 1999, the  balance sheet of  Eesti Ühispank amounted

to EEK 14.4 Billion, having increased by EEK 71 Million (0.5%)  during

the month. The bank  earned EEK 9.6 Million  of profit in August,  the

total amount  of profit  earned during  the year  thus being  EEK 64.4

Million

 

The amount of client deposits has increased by EEK 0.6 Billion,  7.4%,

over the last  year, reaching EEK  8.5 Billion at  the end of  August.

Among  the  deposits,  a  constant  trend  towards  increasing  demand

deposits  and  decreasing  term  deposits  can  again be witnessed: in

August,  the  amount  of  demand  deposits  increased  by 3.9% and the

amount of term deposits decreased by 4.1%.

 

Cash and deposits at other banks  have increased by 8.0%, i.e. by  EEK

229 Million  among the  bank's assets  over the  past month. The loand

portfolio has decreased  due to the  decrease in overdraft  facilities

which correspond to the growth  of client demand deposit amounts.  The

net loan  portfolio accounts  for 51.7%  of   total assets.  The total

gross  loan  portfolio  amounted  to  EEK  7.657 Billion at the end of

August. The loan provisioning level was 3%.

 

In the  income structure  of the  bank, interest  income accounts  for

59.4%, fee  income for  19.5%, financial  income for  16.1% and  other

income for 5.0% of total income.

 

The capital adequacy ratio of the bank stood at 13.5%.

 

 

Ülo Suurkask

vice president

Eesti Ühispank

+372 6 656 350