HANSAPANK

INCOME STATEMENT



GROUP'S AUDITED INCOME STATEMENT: 2000



Audited, consolidated

in millions

                                       EEK                 EUR

                                  2000      1999      2000      1999

                                                                    

Interest income                3,389.7   2,459.3     216.6     157.2

Interest expense              -1,414.6    -991.6     -90.4     -63.4

Interest income, net           1,975.1   1,467.7     126.2      93.8

                                                                    

Fee and commission income      1,087.1     777.8      69.5      49.7

Fee and commission expense      -208.5    -183.5     -13.3     -11.7

Fees and commissions, net        878.6     594.3      56.2      38.0

                                                                    

Net result from financial        563.4     600.9      36.0      38.4

operations

Dividends                          3.1       4.5       0.2       0.3

Net income from insurance         23.8      54.2       1.5       3.5

activities

Other operating income           103.3     113.0       6.6       7.2

Total income                   3,547.3   2,834.6     226.7     181.2

                                                                    

Operating expenses                                                  

Personnel expenses               713.8     576.9      45.6      36.9

Data network expenses            116.4     109.1       7.4       7.0

Administrative expenses          406.8     364.9      26.0      23.3

Other expenses                   393.9     336.2      25.2      21.5

  incl. goodwill amortisation    206.8     203.0      13.2      13.0

Depreciation                     271.2     206.9      17.3      13.2

Total operating expenses       1,902.1   1,594.0     121.6     101.9

Losses on loans and             -494.0    -490.3     -31.6     -31.3

guarantees

Recovered loans                  129.2      89.9       8.3       5.7

Profit from associates under       6.8      -2.9       0.4      -0.2

the equity method

Operating profit               1,287.2     837.3      82.3      53.5

Extraordinary                     22.4     -25.2       1.4      -1.6

income/(expense)

Profit before income tax       1,309.6     812.1      83.7      51.9

Income tax                       -20.2       6.4      -1.3       0.4

Profit after income tax        1,289.4     818.5      82.4      52.3

Minority interest                 -4.2      -3.5      -0.3      -0.2

Net profit                     1,285.2     815.0      82.1      52.1





Mart Tõevere

Head of Investor Relations

+372 6131 569