AS OPTIVA PANK

BALANCE SHEET

07/31/99

 

(EEK in thousand, unaudited, unconsolidated)

 

                                                                 07/31/99       06/30/99

ASSETS

Cash in hand                                                       52,386         70,321

Demand deposits with banks                                        327,068        409,520

Interest-bearing deposits with banks                               81,414        120,829

Short-term investments in shares                                    5,179          6,697

Securities purchased under resale agreements                        9,063         14,063

Loans to clients                                                1,973,184      1,901,256

Allowances for loan losses                                       -184,435       -178,615

Net loans                                                       1,788,749      1,722,641

Long-term financial investments in debt securities                697,899        716,271

Long-term financial investments in shares                         100,499        102,921

Tangible assets                                                    14,515         15,151

Intangible assets                                                 123,290        125,168

Other assets                                                      109,970        137,383

 

TOTAL ASSETS                                                    3,310,032      3,440,965

 

 

LIABILITIES

Current accounts                                                  655,321        795,659

Time deposits                                                     392,175        335,641

Loans from banks                                                  672,270        680,836

Borrowings from government                                        104,331        104,331

Debts evidenced by certificates                                   724,471        730,525

Clearing accounts                                                 153,605        195,025

Other liabilities                                                  66,670         58,868

Subordinated debt                                                 194,500        194,500

TOTAL LIABILITIES                                               2,963,343      3,095,385

 

OWNERS' EQUITY

Share capital                                                     412,559        412,559

Share premium account                                              60,602         60,602

General banking reserve                                            44,812         44,812

Other reserves                                                      4,665          4,665

Retained earnings from priors years                              -184,670       -184,670

Profit/Loss  for the financial year                                 8,721          7,612

TOTAL OWNERS' EQUITY                                              346,689        345,580

 

TOTAL LIABILITIES AND OWNERS' EQUITY                            3,310,032      3,440,965