OPTIVA PANK

INCOME STATEMENT

01.01.-30.09.99

 

Consolidated, unaudited

In thousand EEK

 

 

                                          01.01-30.09.99   01.01-30.09.98

Interest income                                  176 677          168 154

Interest expense                                -106 791          -65 778

Net interest income                               69 886          102 376

Provisions for loan losses                       -38 205          -27 113

Recovered loans                                    1 025               39

Net interest income after provisions              32 705           75 302

 

Other operating income

Fees and commissions income                       40 451           50 073

Income from financial investments                  5 403          -36 457

Income from financial operations                  62 291          -25 492

Other income                                      16 263           17 644

Total other operating income                     124 408            5 768

 

Total income                                     157 113           81 070

 

Other operating expenses

Fees and commissions expense                      -9 725           -9 559

Personnel expenses                               -50 868          -47 111

Other administrative expenses                    -25 318          -39 550

Other operating expenses                         -21 008          -19 937

Assets revaluation                                   -24          -39 264

Total operating expenses                        -106 943         -155 421

 

Operating profit                                  50 170          -74 351

Depreciation                                     -40 159          -20 214

Profit before taxes                               10 011          -94 564

Income tax                                          -312           -4 019

Net Profit/Loss                                    9 700          -98 583

Minority interest                                    315             -193

Net profit/loss for the group                     10 014          -98 776