AS HANSAPANK

ANNOUNCEMENT

15.10.99

 

 

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 

September 30, 1999, Hansabank's total assets stood at EEK 23.35 

billion. Bank's loan portfolio totalled EEK 12.72 billion, while 

clients' deposits amounted to EEK 14.11 billion. EEK 248 million 

of the total loan growth was formed by student loans. As of 

September 30 Hansabank's total shareholders' equity was EEK 4.50 

billion. Hansabank's financial result for September was an EEK 

22.2 million profit. The distribution of revenues was the following: 

45.8% net interest income after provisions, 18.1% from trading 

income, 35.1% service fees and commissions received, and 1.0% 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.

 

Consolidated financial results for the 3rd quarter will be published 

on October 20.

 

This commentary also includes the unconsolidated balance sheet of 

Hansabank as of September 30, 1999.

 

 

HANSABANK

 

 

Mart Tõevere

Analyst

Tel. +372 6131 569