HANSAPANK

ANNOUNCEMENT

16.08.99

 

 

COMMENTARY TO THE BALANCE SHEET OF HANSABANK PUBLISHED BY THE 

CENTRAL 

BANK

 

As a commentary to the balance sheet of Hansabank published today 

by 

the Central Bank of Estonia, we would like to say that as of July 

31, 

1999, Hansabank's total assets stood at EEK 22.76 billion. Bank's 

loan 

portfolio totalled EEK 11.87 billion, while clients' deposits 

amounted 

to EEK 13.21 billion. As of July 31, Hansabank's total 

shareholders' 

equity was EEK 4.43 billion. Hansabank's financial result for July 

was 

an EEK 41.2 million profit. The distribution of revenues was the 

following: 55.4% net interest income after provisions, 17.3% from 

trading income, 26.2% service fees and commissions received, and 

1.1% 

other income.

 

Unconsolidated data is insufficient for a full analysis of the 

share 

value of Hansabank. Hansabank publishes its financial results on a 

consolidated basis for each quarter.

 

This commentary also includes the unconsolidated balance sheet of 

Hansabank as of July 31, 1999.

 

 

HANSABANK

 

 

 

Margus Kisel

Analyst

Tel. +372 6131 569