EESTI ÜHISPANK

INCOME STATEMENT



EESTI  ÜHISPANK, INCOME STATEMENT 1999



Bank,

Unaudited (EEK million)                            12 months 12 months

                                                        1999      1998



Interest income                                      1,051.1   1,108.8

Interest expenses                                     -595.0    -637.6

Net interest income                                    456.1     471.2



Fees and commissions received                          236.8     229.9

Fees and commissions paid                              -76.9    -105.1

Net income from fees and commissions                   159.8     124.8



Income from securities

   currency dealing profits                            171.4    -132.5

Other operating income                                  49.8      21.1



TOTAL OPERATING INCOME                                 837.2     484.6



Personnel expenses                                    -211.5    -182.1

Other administrative expenses                         -200.9    -167.5

Value adjustments of tangible and

   intangible assets and depreciation                 -186.9    -105.5

Other operating expenses                               -51.2     -36.7



TOTAL OPERATING EXPENSES                              -650.4    -491.8



OPERATING PROFIT                                       186.8      -7.2



Income from equity method and value

   adjustments of long term investments                 37.5     -43.7



Value adjustments of advances and

   off-balance sheet items                            -123.9    -332.5



Extraordinary items                                      0.6       0.0



PROFIT BEFORE TAXES                                    101.0    -383.4



Income tax                                               0.0       0.0



NET PROFIT                                             101.0    -383.4





Urmas Neetar

head of reporting dept.

6 656 390