AS HANSAPANK

BALANCE SHEET

31.12.98

 

Year ended December 31 1998       

(EEK in millions)  

                               GROUP             BANK  

                               1998     1997      1998     1997

        

Assets        

Cash                           875.6    463.5     644.6    355.0

Due from Central Bank        2,390.1    801.3   1,929.5    652.4

Due from other financial 

institutions                 2,648.7  1,732.8   1,916.4    985.4

Treasury securities          1,460.8    334.2   1,243.4    311.9

Trading securities             151.1  1,050.7     119.5    750.7

Investment securities          743.9    149.1   1,501.5    265.6

Securities purchased under 

resale agreements              125.4    494.2     116.8    390.2

Loans                       16,792.9  7,576.0  12,183.4  5,059.0

- Allowance for credit losses (740.1)   (99.5)   (461.8)   (64.7)

Net loans                   16,052.8  7,476.5  11,721.6  4,994.3

Tangible and intangible 

assets                         947.1    502.7     495.0    284.5

Goodwill                       755.2      0.0     735.2      0.0

Deferred tax assets             60.4     60.4   

Prepayments and accrued 

interest                     1,083.9  1,267.7     537.7    494.3

Other assets                   395.2    155.5     263.2    116.8

Total assets                27,690.2 14,428.2  21,284.8  9,601.1

        

Liabilities        

Due to Central Bank and 

government                     263.9     32.6     183.3      8.2

Due to other financial 

institutions                 4,057.5  3,312.1   2,026.8  1,597.0

Deposits                    14,745.8  7,004.3  12,367.0  5,560.1

   Demand deposits          10,078.4  5,276.7   8,299.7  4,115.6

   Time deposits             4,667.4  1,727.6   4,067.3  1,444.5

Securities sold under 

repurchase agreements           18.4    148.7      18.1     85.3

Debt securities issued to

 the public                  2,051.5  1,488.7   1,103.3    456.9

Accrued liabilities            755.0    499.1     326.5    217.6

Appropriations                 339.2     11.1      45.8     11.1

Deferred tax liability          80.2     91.2      72.2     46.1

Other liabilities              699.2    509.9     593.0    484.3

Minority ownership              24.3      2.0    

Total liabilities           23,035.0 13,099.7  16,736.0  8,466.6

        

Subordinated liabilities       460.7    177.4     396.9    120.0

Shareholders' equity        

Common stock                   787.6    382.4     787.6    382.4

Share premium                2,757.1      0.2   2,756.8      0.0

Treasury stock                 (22.0)  (47.7)       0.0      0.0

Reserves                       354.2    320.5     347.1    316.0

Other restricted equity         20.5     20.5       0.0      0.0

Currency translation reserve   (14.1)    14.2       0.0      0.0

Retained earnings              311.2    461.0     260.4    316.1

Total shareholders' equity   4,194.5  1,151.1   4,151.9  1,014.5

Total liabilities and 

shareholders' equity        27,690.2  14,428.2  21,284.8  9,601.1