OPTIVA PANK

BALANCE SHEET



CONSOLIDATED AUDITED BALANCE SHEET 31.12.1999



(Ths. EEK)                                  BANK                GROUP

                                       31-Dec-99  31-Dec-98 31-Dec-99 31-Dec-98

ASSETS

Cash on hand                              80,471     59,678    80,471    59,678

Claimsand loans:                       2,624,380  2,422,175 2,654,222 2,331,298

 To the Central Bank                     337,941    198,390   337,941   198,390

 To credit institutions                  519,215    149,240   520,982   149,778

 To clients of credit institution      1,885,935  2,302,989 1,583,634 1,975,359

 To clients of leasing enterprise              0          0   253,803   240,754

 Other claims                                  0          0   103,220         0

 Uncollectible claims and loans         -118,710   -228,445  -145,358  -232,983

Debt securities                          665,267    265,935   211,117   172,690

Shares and other securities               38,108     75,374   122,461   143,969

Shares of subsidiary undertakings         50,707     63,252         0         0

Investments in associates                 13,937      1,716    13,937     1,716

Intangible assets                        111,988    139,397   112,507   140,168

   Consolidated goodwill                       0          0         0       527

   Other intangible assets               111,988    139,397   112,507   139,641

Tangible assets                           32,668     13,880   195,761   225,576

Other assets                              33,900     10,391    40,518    11,828

Prepayments and accrued incoe             82,273    121,990    67,074   112,531

TOTAL ASSETS                           3,733,700  3,173,787 3,498,068 3,199,454



LIABILITIES

Amounts owed:                          2,341,137  1,681,270 2,315,042 1,688,841

To the Central Bank                        4,788      6,189     4,788     6,189

 To credit institutions                  753,275    692,461   764,423   703,856

 To clients of credit institution      1,487,115    867,127 1,449,873   859,723

 Other amounts owed                       95,958    115,493    95,958   119,072

Debts evidenced by certificates          735,071    816,509   506,328   817,509

Other liabilities                         89,363     94,909    89,363    99,869

Accruals and deferred income              56,303     48,632    68,067    60,095

Subordinated liabilities                 194,500    194,500   194,500   194,500

TOTAL LIABILITIES                      3,416,373  2,835,820 3,173,300 2,860,813

MINORITY INTERESTS                             0          0     7,583     2,701

OWNERS' EQUITY

Share capital                            412,559    412,559   412,559   412,559

Paid-in capital over par                  60,602     60,602    60,602    60,602

General banking reserve                   44,811     44,811    44,811    44,811

Mandatory reserve                          4,118      4,118     4,118     4,118

Other reserves                               547        547       547       547

Retained profit/loss of the prev. year  -184,670     80,303  -184,670    68,497

Loss for the current reporting period    -20,640   -264,974   -20,640  -253,167

Treasury shares                                0          0      -142    -2,027

TOTAL OWNERS' EQUITY                     317,327    337,967   317,185   335,940

TOTAL LIABILITIES AND OWNERS' EQUITY   3,733,700  3,173,787 3,498,068 3,199,454





Lea Endrikson

PR specialist

6302105





Lea Endrikson

avalike suhete spetsialist

6302 105