AS HANSAPANK

ANNOUNCEMENT

15.02.99

 

 

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 at January 31, 1999, Hansabank's total assets stood at EEK 

21.6 billion. Bank's loan portfolio totalled EEK 12.04 billion, 

while clients' deposits amounted to EEK 12.09 billion. As at 

January 31 Hansabank's total shareholders' equity was EEK 4.19 

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

32.5 million profit. The distribution of revenues was the 

following: 29.8% net interest income after provisions, 38.4%% 

from trading income, 30.1% service fees and commissions 

received, and 1.7% 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.

 

This commentary also includes the unconsolidated balance sheet 

of Hansabank as at January 31, 1999.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569