EESTI ÜHISPANK

INCOME STATEMENT

01.01-31.12.98

 

 

Eesti Uhispank, Income Statement

unaudited, unconsolidated

(thousand EEK)

 

                                         12 months 11 months 12 months

                                              1998      1998      1997

 

Interest income                          1,105,640   988,035   582,753

Interest expenses                         -637,661  -560,663  -268,558

Net interest income                        467,979   427,372   314,195

 

Fees and commissions received              235,026   212,681   171,306

Fees and commissions paid                 -107,282   -95,749   -83,694

Net income from fees and commissions       127,744   116,932    87,612

 

Income from securities & currecy dealing  -139,279  -133,060   169,818

Other operating income                      18,896    15,505    27,589

 

TOTAL OPERATING INCOME                     475,340   426,749   599,214

 

Personnel expenses                        -182,073  -158,047  -135,899

Other administrative expenses             -174,980  -149,656  -131,568

Value adjustments of tangible and

   intangible assets and depreciation      -99,314   -78,868   -46,261

Other operating expenses                   -31,704   -26,712   -20,427

 

TOTAL OPERATING EXPENSES                  -488,071  -413,283  -334,155

 

OPERATING PROFIT                           -12,731    13,466   265,059

 

 

Income from long term fin.investments      -10,133     2,477    20,622

Value adjustments of advances and

   off-balance sheet items                -267,581  -155,377   -74,482

 

PROFIT / -LOSS                            -290,445  -139,434   211,199