Last update: 25.11.2024 01:01 (GMT+2)
EESTI ÜHISPANK
REPORT
PUBLIC 1999 YEAR 12 MONTH INTERIM REPORT (III)
1.4.Normatives
1.4.1.Kapital adequacy
31.12.99
OWNER'S EQUITY AND CAPITAL ADEQUACY Consolidated Bank
1. PRIMARY EQUITY (Tier 1) 1,492.7 1,492.7
1.1 Paid in share capital 2,012.3 2,012.3
1.2 General banking reserves 298.5 298.5
1.3 Other reserves 0.0 0.0
1.4 Retained earnings -274.4 -283.2
1.5 Profit/loss for the period 0.0 0.0
1.6 Minority interest -2.8 0.0
1.7 Unrealised rate differences -4.0 0.0
1.8 Treasury stock (less) 0.0 0.0
1.9 Intangibles (less) -536.9 -534.9
2. SUPPLEMENTARY OWNERS' EQUITY (Tier 2) 413.3 413.3
2.1 Subordinated debt, other similar commitments 413.3 413.3
2.2 Other entries similar to capital 0.0 0.0
3. TOTAL GROSS OWNERS' EQUITY (1+2) 1,906.0 1,906.0
4. DEDUCTIONS FROM OWNERS' EQUITY 204.2 232.1
4.1 Shares, bonds in financial institutions 173.0 200.9
(>10% of their sh.cap)
4.2 Shares, bonds in financial institutions 31.1 31.1
exceeding 10% of our gross Owners' Equity
5. TOTAL NET OWNERS' EQUITY (3-4) 1,701.8 1,673.9
6. RISK ADJUSTED ASSETS 11,813.7 10,659.4
6.1 I category 0.0 0.0
6.2 II category 173.7 168.0
6.3 III category 361.5 327.9
6.4 IV category 11,278.6 10,163.5
7. RISK WEIGHTED OFF-BALANCE SHEET 851.3 1,787.7
7.1 I category 847.9 1,784.3
7.2 II category 3.4 3.4
8. Total open net foregn currency position 19.6 0.0
(exceeding the 2% level of owners' equity)
9. (Tier I) Capital Ratio % [(1-4)/(6+7+8)] 11.77 10.13
10. (Tier II) Capital Ratio % [2/(6+7+8)] 1.65 3.32
11. TOTAL CAPITAL ADEQUACY [5/(6+7+8)] 13.42 13.45
1.4.2.Net Currency Position
1.4.2.1.Consolidated 31.12.99
Currency Balance sheet position Off-balance sheet position Net
Long Short Long Short positsion
ATS 0.1 0.0 0.0 0.0 0.1
AUD 1.8 0.0 0.0 0.0 1.8
BEF 0.0 0.2 0.0 0.0 -0.2
BYR 0.0 0.0 0.0 0.0 0.0
CAD 0.0 4.3 0.0 0.0 -4.3
CHF 4.3 0.0 0.0 0.0 4.3
DEM 4,410.8 0.0 5.6 0.0 4,416.4
DKK 0.0 0.1 0.0 0.0 -0.1
ESP 0.0 0.0 0.0 0.0 0.0
FIM 0.0 2.7 0.0 0.0 -2.7
FRF 0.0 0.6 0.0 0.0 -0.6
GBP 0.0 0.9 0.0 1.0 -1.9
GRD 0.2 0.0 0.0 0.0 0.2
IEP 0.2 0.0 0.0 0.0 0.2
ITL 0.0 0.4 0.0 0.0 -0.4
JPY 0.7 0.0 0.0 0.0 0.7
KGS 0.0 0.0 0.0 0.0 0.0
KZT 0.0 0.0 0.0 0.0 0.0
LVL 4.0 0.0 1.0 0.0 5.0
LTL 28.8 0.0 0.0 0.0 28.8
NLG 0.0 0.4 0.0 0.0 -0.4
NOK 5.0 0.0 0.0 3.9 1.1
PTE 0.0 0.0 0.0 0.0 0.0
RUB 4.5 0.0 0.0 0.0 4.5
SEK 0.0 0.2 0.0 0.0 -0.2
TMM 0.0 0.0 0.0 0.0 0.0
UAH 0.0 0.0 0.0 0.0 0.0
USD 111.0 0.0 111.8 215.6 7.2
UZS 0.0 0.0 0.0 0.0 0.0
PLN 0.1 0.0 0.0 1.1 -1.0
EUR 0.0 1,525.6 210.4 787.6 -2,102.7
HKD 0.0 0.0 0.0 0.0 0.0
MDL 0.0 0.0 0.0 0.0 0.0
TDR 0.0 0.0 0.0 0.0 0.0
EEK 0.0 3,036.2 722.2 37.5 -2,351.5
1.4.2.2.Bank 31.12.99
Currency Balance sheet position Off-balance sheet position Net
Long Short Long Short positsion
ATS 0.1 0.0 0.0 0.0 0.1
AUD 1.8 0.0 0.0 0.0 1.8
BEF 0.0 -0.2 0.0 0.0 -0.2
BYB 0.0 0.0 0.0 0.0 0.0
CAD 0.0 -4.3 0.0 0.0 -4.3
CHF 4.3 0.0 0.0 0.0 4.3
DEM 5,120.4 0.0 5.6 0.0 5,126.0
DKK 0.0 -0.1 0.0 0.0 -0.1
ESP 0.0 0.0 0.0 0.0 0.0
FIM 0.0 -12.4 0.0 0.0 -12.4
FRF 0.0 -0.6 0.0 0.0 -0.6
GBP 0.0 -1.9 0.0 -1.0 -2.9
GRD 0.2 0.0 0.0 0.0 0.2
IEP 0.2 0.0 0.0 0.0 0.2
ITL 0.0 -0.4 0.0 0.0 -0.4
JPY 0.7 0.0 0.0 0.0 0.7
KGS 0.0 0.0 0.0 0.0 0.0
HUF 0.0 0.0 0.0 0.0 0.0
LVL 0.0 -5.4 1.0 0.0 -4.4
LTL 0.3 0.0 0.0 0.0 0.3
NLG 0.0 -0.4 0.0 0.0 -0.4
NOK 5.0 0.0 0.0 -3.9 1.1
PTE 0.0 0.0 0.0 0.0 0.0
RUB 3.7 0.0 0.0 0.0 3.7
SEK 0.0 -0.7 0.0 0.0 -0.7
TMM 0.0 0.0 0.0 0.0 0.0
UAH 0.0 0.0 0.0 0.0 0.0
USD 108.6 0.0 0.0 -103.8 4.8
UZS 0.0 0.0 0.0 0.0 0.0
PLN 0.1 0.0 0.0 -1.1 -1.0
EUR 0.0 -1,513.2 0.0 -577.1 -2,090.3
HKD 0.0 0.0 0.0 0.0 0.0
MDL 0.0 0.0 0.0 0.0 0.0
DR 0.0 0.0 0.0 0.0 0.0
XPT 0.0 0.0 0.0 0.0 0.0
EEK 0.0 -3,705.8 684.7 0.0 -3,021.1
1.4.3.Liquidity (assets and liabilities by remaining maturity)
Maturity: over
Demand Over- < 1 1<3 3<12 1<2 2<5 5
deposits due month months months years years years
Assets,
liabilities:
1.Bank assets
1893.0 270.5 1595.7 1308.9 3713.2 1029.0 2038.0 2182.5
2.Consolidated assets
1703.3 270.5 1565.9 1100.7 2956.3 4506.9 0.0 2866.2
cash and due from credit institutions
1698.7 0.0 256.8 125.0 3.6 6.8 0.0 4.9
due from customers
0.0 270.5 514.2 919.4 2828.9 3698.8 0.0 892.3
securities
4.5 0.0 382.0 53.4 113.7 258.0 0.0 770.1
other assets
0.0 0.0 413.0 3.0 10.1 543.3 0.0 1198.9
1.Bank liabilities
4587.0 0.0 2128.3 1406.6 3398.6 472.4 2358.4 1044.9
2.Consolidated liabilities
4322.2 0.0 1618.0 845.5 2574.3 2527.2 0.0 1052.9
due to credit institutions
42.2 0.0 85.0 86.9 943.2 259.5 0.0 249.4
due to customers
4280.0 0.0 1049.0 675.8 1016.9 421.9 0.0 611.0
issued debt securities
0.0 0.0 3.8 74.0 604.1 1517.7 0.0 0.0
other liabilities
0.0 0.0 480.1 8.8 10.1 328.1 0.0 192.6
Note:
During 1999, Eesti Ühispank has each month met the Central Bank
requirement on additional liquidity which is being followed by
by the daily average balances of the current account for the
period from the beginnig of each month
1.4.4.Risk concentration
Consolidated Bank
number/ % from number/ % from
/amount net /amount net
equity equity
1.Number of customers with
big risk concentration 37 51
2.Due from customers with
big risk concentration 2,117.9 124.45 1,766.7 105.55
3.Due from related persons
and shareholders 111.6 6.56 97.4 5.82
1.5.Key Figures
Consolidated Bank
1999 1998 1999 1998
Return on equity (ROE) 5.07 -29.42 6.60 -30.57
Average assets/Average equity 7.97 10.33 7.01 9.04
Profit(loss)/Income 5.37 -22.23 .13 -.55
Income/Average assets 11.85 12.82 7.16 6.16
Net interest margin (NIM) 3.61 4.12
SPREAD 3.72 4.41
Consolidated Bank
IV Q IV Q IV Q IV Q
Return on equity (ROE) 1.24 -21.38 2.68 -21.89
Average assets/Average equity 7.93 9.25 7.05 7.63
Profit(loss)/Income 4.76 -74.91 .15 -1.69
Income/Average assets 2.29 3.09 2.59 1.70
Share information Bank
31.12.99 31.12.98
Number of shares at the end of period 66562381 66151422
Average number of shares, adjusted with issues 66404068 44290700
Price of shares (Tallinn, close price), EEK 25.50 19.30
Earnings (profit before extraordinary items-Taxes) 129.2 -387.9
Earnings per share (avg.number of shares), EPS 1.95 -8.76
Price / Earnings ratio (P/E) 13.08 -2.20
Market price of shares at the end of period 1,697.3 1,276.7
Book value of shares, EEK 22.43 20.20
Assets quality Consolidated Bank
31.12.99 31.12.98 31.12.99 31.12.98
Assets 14,969.7 16,498.7 13,958.0 13,499.7
Overdue 471.8 213.0 344.1 138.7
- overdue/assets, % 3.15 1.29 2.47 1.03
Provisions 251.4 431.9 174.5 353.3
(uncollectible debt)
Equity after deductions 1,701.8 1,876.3 1,673.9 1,624.0
Capital adequacy, % 13.42 12.51 13.45 12.85
Tier 1 Ratio, % 10.16 9.26 10.13 9.00
Tier 2 Ratio, % 3.26 3.24 3.32 3.85
1.6.Ratings
31.12.99 31.12.98
Moody's Investor Service (September 1999):
Deposit rating Baa3/P-3 Baa3/P-3
Financial strenght rating D D
Rating description in Internet: <a href='http://www.moodys.com' target='_blank'>http://www.moodys.com</a>
FitchIBCA (February 1999):
Short term rating F3 F3
Long term rating BBB- BBB-
Individual rating D C/D
Support rating 4 -
Rating descriptions in Internet: <a href='http://www.fitchibca.com' target='_blank'>http://www.fitchibca.com</a>
Thomson Finance BankWatch:
Intra-Country Issuer reiting B/C -
Rating description in Internet: <a href='http://www.bankwatch.com' target='_blank'>http://www.bankwatch.com</a>
From February 2000 this rating is A/B.
1.7.Legal Disputes
No Legal disputes against EÜP from what EÜP could suffer major loss.
2.Financial Statements
2.1.Consolidated Balance sheet
31.12.99 31.12.98
Assets
1. Cash 363.0 450.8
2. Due 10,863.5 12,422.5
2.1. Due to central bank 1,025.6 1,320.0
2.2. Due to credit institutions 707.1 812.4
2.3. Due to clients of credit institutions 7,498.9 7,726.4
2.4. Due to clients of leasing enterprises 1,760.0 2,474.2
2.5. Due from insurance .7 .0
2.6. Other due 122.7 521.4
2.7. Uncollectible debt -251.4 -431.9
3 Debt securities and fixed income securities 693.9 1,008.2
4 Shares and other securities 882.0 123.9
5 Shares and participations in affiliates 5.8 39.6
6 Shares and participations in subsidaries
7 Intangible assets 536.9 553.2
7.1. Consolidated goodwill 535.3 551.8
7.2. Other intagible assets 1.6 1.4
8 Tangible assets 1,231.8 1,388.0
9 Subscribed capital unpaid .0 .0
10 Other assets 131.8 206.8
11 Accruals and prepaid expenses 261.0 305.6
12 Total assets 14,969.7 16,498.7
Liabilities and shareholders' eqity
1. Liabilities 9,720.7 10,495.1
1.1. Due to central bank 5.3 4.6
1.2. Due to credit institutions 1,660.9 2,285.3
1.3. Due to clients of credit institutions 7,771.5 7,945.5
1.4. Due to clients of insurance institutions .3 .0
1.5. Other commitments + Government lending funds 282.7 259.8
2 Issued debt securities 2,199.6 2,570.6
3 Other liebilities 232.6 579.0
4 Accrued expenses and deferred income 272.6 395.4
5 Provisions 14.1 .3
5.1. Insurance technical provisions 14.1 .0
5.2. Potential income tax .0 .3
5.3. Muud eraldised .0 .0
6 Subordinated liabilities 500.5 515.5
7 Minority interest -2.8 25.2
8 Total liebilities 12,937.4 14,581.2
9.1. Paid up capital 665.6 661.5
9.2. Share premium 1,346.6 1,340.6
9.3. General banking reserve 298.5 298.5
9.4. Revaluation reserve .0 .0
9.5. Other reserves .0 .0
9.6. Unrealized rate differences -4.0 -8.5
9.7. Eelmiste perioodide jaotamata kasum/kahjum -374.6 .0
9.8. Jooksva aruandeperioodi kasum/kahjum 100.2 -374.6
9.9. Own shares .0 .0
9 Total shareholders' equity 2,032.3 1,917.5
10. Total liabilities and capital 14,969.7 16,498.7
2.2.Balance Sheet, Bank
31.12.99 31.12.98
Assets
1. CASH 363.0 317.8
2. DUE FROM CENTRAL BANK 1,025.6 1,296.9
2.1. DEMAND DEPOSITS 1,025.6 1,296.9
2.2 OTHER DEPOSITS .0 .0
2.3. DEBT SECURITIES GUARANTEED BY CENTRAL BANK .0 .0
3. DUE FROM CREDIT INSTITUTIONS 681.6 207.5
3.1. DEMAND DEPOSITS 288.2 101.5
3.2. TIME DEPOSITS 388.5 87.8
3.3. OVERDRAFTS .0 13.2
3.4. OTHER DUE 4.9 5.0
4. DUE FROM CUSTOMERS 8,606.4 7,709.5
4A. incl. OVERDRAFTS 589.0 992.2
4B. incl. LOANS COLLATERALISED BY MORTGAGE 2,822.3 2,273.5
4.1. LOANS TO GOVERNMENT 107.3 43.9
4.1.1. LOANS TO CENTRAL GOVERNMENT .0 .0
4.1.1. LOANS TO NON-BUDGETARY FUNDS 2.0 2.4
4.1.1. LOANS TO LOCAL AUTHORITIES 105.3 41.5
4.2. LOANS TO FINANCIAL INSTITUTIONS 867.3 380.5
4.2.1. DEPOSITS IN FINANCIAL INSTITUTIONS 6.6 .2
4.2.1. LOANS TO INSURANCE INSTITUTIONS AND PENSION 15.0 .0
4.2.1. LOANS TO OTHER FINANCIAL INSTITUTIONS 845.7 380.3
4.3. LOANS TO STATE AND LOCAL AUTHORITIES ENTERPR 73.8 47.9
4.4. LOANS TO OTHER BUSINESS ENTERPRISES 5,753.9 5,818.1
4.5. LOANS TO NON-PROFIT ASSOCIATIONS 20.8 23.8
4.6. LOANS TO INDIVIDUALS 1,783.2 1,395.4
5. UNCOLLECTIBLE DEBT -174.5 -353.3
5.1. CREDIT INSTITUTIONS .0 .0
5.2. CUSTOMERS -165.6 -353.3
5.3. OTHER UNCOLLECTIBLE DEBT -8.9 .0
6. SECURITIES 1,956.4 2,790.0
6.A incl. REPURCHASE AGREEMENTS .0 .0
6.B incl. BUY SELL BACK .0 .0
6.1. DEBT SECURITIES AND FIXED INCOME SECURITIES 906.9 2,211.7
6.2. SHARES AND PARTICIPATIONS 1,049.4 578.3
6.2.1. SHARES IN AFFILIATES 427.3 421.7
6.2.2. PARTICIPATING INTEREST 4.6 35.1
6.2.3. OTHER SHARERS AND PARTICIPATIONS 617.5 121.4
7. INTANGIBLE ASSETS 534.9 551.8
8. TANGIBLE ASSETS 641.7 676.8
9. OTHER ASSETS 131.7 106.3
9A. incl. TRANSIT ITEMS 131.7 106.3
10. ACCRUALS AND PREPAID EXPENSES 191.1 196.5
10A. incl. ACCRUED INTEREST 97.6 134.8
TOTAL ASSETS 13,958.0 13,499.7
Liabilities and sharehoders' equity
1. DUE TO CENTRAL BANK 5.3 4.6
2. DUE TO CREDIT INSTITUTIONS 1,056.9 1,405.8
2.1. DEMAND DEPOSITS 42.2 12.4
2.2. TIME DEPOSITS 1,013.8 1,393.4
2.3. OVERDRAFTS .0 .0
2.4. OTHER DUE .9 .0
3. DUE TO CUSTOMER 7,839.0 6,960.1
3.1. DUE TO GOVERNMENT 1,192.3 1,585.9
3.1.1. CENTRAL GOVERNMENT 789.5 700.1
3.1.1.1.DEMAND DEPOSITS 129.8 203.4
3.1.1.2.TIME AND SAVING DEPOSITS 657.9 494.9
3.1.1.3.OTHER DEBT 1.8 1.8
3.1.2. NON-BUDGETARY FUNDS 77.1 464.0
3.1.2.1.DEMAND DEPOSITS 74.6 345.2
3.1.2.2.TIME AND SAVING DEPOSITS 2.5 118.8
3.1.2.3.OTHER DEBT .0 .0
3.1.3. DUE TO LOCAL AUTHORITIES 325.8 421.8
3.1.3.1.DEMAND DEPOSITS 318.1 277.2
3.1.3.2.TIME AND SAVING DEPOSITS 7.7 144.6
3.1.3.3.OTHER DEBT .0 .0
3.2. DUE TO FINANCIAL INSTITUTIONS 1,009.2 937.6
3.2.1. DUE TO INSURANCE INTITUTIONS AND PENSION FUN 96.2 42.6
3.2.1.1.DEMAND DEPOSITS 21.7 22.9
3.2.1.2.TIME DEPOSITS 74.5 19.7
3.2.1.3.SAVING DEPOSITS .0 .0
3.2.1.4.OTHER DEBT .0 .0
3.2.2. DUE TO OTHER FINANCIAL INSTITUTIONS 913.0 895.0
3.2.2.1.DEMAND DEPOSITS 96.7 21.2
3.2.2.2.TIME DEPOSITS 814.5 873.8
3.2.2.3.SAVING DEPOSITS .0 .0
3.2.2.4.OTHER DEBT 1.8 .0
3.3. DUE TO STATE ENTERPRISES AND LOCAL AUTHORITI 289.2 321.1
3.3.1. DEMAND DEPOSITS 265.5 208.8
3.3.2. TIME DEPOSITS 21.8 112.3
3.3.3. SAVINGS DEPOSITS .0 .1
3.3.4. OTHER DEBT 2.0 .0
3.4. DUE TO BUSINESS ENTERPRISES 2,692.1 2,032.5
3.4.1. DEMAND DEPOSITS 1,808.0 1,178.9
3.4.2. TIME DEPOSITS 665.8 843.5
3.4.3. SAVINGS DEPOSITS 200.9 10.1
3.4.4. OTHER DEBT 17.3 .0
3.5. DUE TO NON-PROFIT ASSOTIATIONS 289.5 208.5
3.5.1. DEMAND DEPOSITS 207.1 115.1
3.5.2. TIME DEPOSITS 81.8 89.4
3.5.3. SAVINGS DEPOSITS .5 .6
3.5.4. OTHER DEBT .2 3.3
3.6. DUE TO INDIVIDUALS 2,366.7 1,874.4
3.6.1. DEMAND DEPOSITS 1,420.6 1,064.7
3.6.2. TIME DEPOSITS 917.2 752.5
3.6.3. SAVINGS DEPOSITS 22.8 57.3
3.6.4. OTHER DEBT 6.1 .0
4. GOVERNMENT LENDING FUNDS AND COUNTERPART FUN 282.7 259.8
5. ISSUED DEBT SECURITIES 1,820.3 1,934.2
6. OTHER LIABILITIES 222.8 346.5
6A. incl. TRANSIT ITEMS 222.8 346.5
7. ACCRUED EXPENSES AND DEFERRED INCOME 202.8 185.1
7A. incl. INTEREST DEBT 152.0 134.0
8. PROVISIONS FOR TAXES .0 .0
9. SUBORDINATED LIABILITIES 500.5 515.5
10. PAID UP CAPITAL 665.6 661.5
11. SUBSCRIBED CAPITAL UNPAID .0 .0
12. SHARE PREMIUM 1,346.6 1,340.6
13. OWN SHARES .0 .0
14. GENERAL BANKING RESERVE 298.5 298.5
15. REVALUATION RESERVE .0 .0
16. OTHER RESERVES .0 .0
17. PROFIT/LOSS RETAINED -412.4 -24.5
18. PROFIT/LOSS FOR THE FINANCIAL YEAR 129.2 -387.9
TOTAL LIABILITIES AND CAPITAL 13,958.0 13,499.7
2.3.Off-Balance sheet items
31.12.99
Consolidated Bank
Assates Liabi- Assets Liabi-
lities lities
1.Irrevocable transactions 215.7 1,473.4 196.4 2,409.8
1.1.Guarantees and pledges 0.0 757.4 0.0 1,643.4
s.h.financial guarantees 0.0 348.0 0.0 848.5
1.2.Irrevocable transactions
(based assets management and
investing service) 0.0 0.0 0.0 0.0
1.3.Stand-by Loans 196.4 716.1 196.4 766.4
1.4.Other Off-Balance Sheet Commitments 19.3 0.0 0.0 0.0
2.Derivatives 1,053.1 1,055.9 1,053.1 1,055.9
incl.Options 2.0 9.2 0.0 9.2
2.1.Currency Rate based Derivatives 1,051.0 1,046.4 1,051.0 1,046.4
2.2.Interest Rate based Derivatives 0.0 0.0 0.0 0.0
2.3.Securities based Derivatives 2.0 9.5 2.0 9.5
2.4.Other derivatives 0.0 0.0 0.0 0.0
3.Revocable Transactions 0.0 0.0 0.0 0.0
3.1.Stand By Loans 0.0 0.0 0.0 0.0
3.2.Other revocable transactions 0.0 0.0 0.0 0.0
4.Pledged Assets as Collateral 106.0 44.8 0.0 0.0
Urmas Neetar
aruandluse ja anal.osak juh
6 656 390
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