AS EESTI ÜHISPANK

BALANCE SHEET

31.03.99

			

 

in million EEK			

unconsolidated, unaudited(excl.31.12.98)

                        		

			                         1)				

                                   31.03.99 28.02.99 31.12.98 31.03.98				

				

ASSETS				

Cash                                  342.3    334.0    317.8    186.2				

Due from central bank               1,028.0  1,096.5  1,296.9    595.4				

Due from other banks                1,809.8  1,038.8    207.5    867.2				

Total cash and due from banks       3,180.1  2,469.3  1,822.2  1,648.9				

Loans to curstomers                 7,687.8  7,495.6  7,709.5  5,558.8				

   Less: provisions                  -303.5   -309.8   -353.3   -113.4				

Loans to customers net              7,384.3  7,185.8  7,356.2  5,445.4				

Securities held pursuant				

   to repurchase arrangements             -        -        -    104.5				

Long term investments				

   in subsidaries                     434.4    442.3    442.3     90.2				

Fixed income securities and				

   other long term investments      2,170.0  2,486.9  2,321.1  1,911.2				

Other shares and participations        25.8     29.8     47.1    294.7				

Goodwill                              537.4    543.4    551.8       .0				

Fixed assets                          661.6    683.6    676.8    523.8				

Accruals and prepaid expenses         193.0    228.2    196.5    183.0				

Other assets                          208.3    141.3    106.3    271.9				

Total assets                       14,794.9 14,210.6 13,520.3 10,473.6				

				

				

LIABILITIES AND SHAREHOLDERS' EQUITY				

Customers demand deposits           3,511.7  3,468.1  3,437.4  2,991.9				

Customers time deposits             4,693.5  4,640.2  3,782.5  2,471.4				

Total customers deposits            8,205.2  8,108.3  7,219.9  5,463.3				

Due to credit institutions          1,038.0  1,359.2  1,410.4    818.3				

Bonds                               2,633.4  1,811.7  1,934.2  2,191.8				

Subordinated loans                    515.5    515.5    515.5    305.0				

Total interest bearing liabilities 12,392.1 11,794.7 11,080.0  8,778.4				

   incl.demand                      3,520.7  3,475.9  3,449.8  2,995.8				

        time                        8,871.4  8,318.8  7,630.2  5,782.6				

Accrued expenses & deferred income    175.0    189.5    185.1     89.5				

Other liabilities                     299.0    307.5    346.5    185.4				

				

Total liabilities                  12,866.1 12,291.7 11,611.6  9,053.3				

				

Share capital                         661.5    661.5    661.5    414.3				

Paid in surplus                     1,340.7  1,340.7  1,340.6    626.2				

Reserves                              290.0    290.0    290.0     87.3				

Non-distributed profit/-loss				

   of previous year                  -383.4   -383.4   -383.4    211.2				

Non-distributed profit/-loss				

   of reporting period                 20.0     10.1              81.3				

Total shareholders' equity          1,928.8  1,918.9  1,908.7  1,420.3				

				

Total liabilities				

and shareholders' equity           14,794.9 14,210.6 13,520.3 10,473.6				

				

1) Compared to the financial results published last month, the				

   February 28th Balance sheet includes the corrections made				

   by the auditors.