OPTIVA PANK

BALANCE SHEET

31.12.98

 

unconsolidated, unaudited

in thousand EEK

 

ASSETS                                                       31.12.98

 

Cash                                                           59,677

Current/demand accounts in other banks                        345,473

Term deposits in other banks                                       31

Current investments in securities                               2,594

Loans secured by the securities                                14,219

Loans to clients                                            2,290,087

Doubtful debts reserve                                       -202,087

Net loans                                                   2,088,000

Investments in debt securities                                265,972

Noncurrent investments in securities                          137,563

Material assets                                                13,880

Immaterial assets                                             139,397

Other assets                                                  149,294

 

TOTAL ASSETS                                                3,216,101

 

LIABILITIES

Current/demand accounts                                       550,839

Term deposits                                                 283,283

Loans from banks                                              688,774

Government loan funds                                         115,492

Bonds issued                                                  816,509

Amounts in collection                                         137,273

Other liabilities                                              86,116

Subordinated loans                                            194,500

TOTAL LIABILITIES                                           2,872,786

 

OWNERS' EQUITY

Share capital                                                 412,559

Capital surplus                                                60,602

General banking reserve                                        44,812

Other reserves                                                  4,665

Retained earnings                                              76,620

Profit/loss for the financial year                           -255,943

TOTAL OWNERS' EQUITY                                          343,315

 

TOTAL LIABILITIES AND OWNERS' EQUITY                        3,216,101