HANSAPANK

INCOME STATEMENT



HANSABANKA'S INCOME STATEMENT; Q1 2001



(LVL in thousands)                    3m 2001     2000   3m 2000

                                                                

Interest income                         6,702   20,541     3,621

Interest expense                      (2,673)  (8,071)   (1,336)

Net interest income                     4,029   12,470     2,285

                                                                

Fees and commissions, received          2,127    8,698     1,745

Fees and commissions, paid              (347)  (1,063)     (205)

Fees and commissions, net               1,780    7,635     1,540

                                                                

Net result from financial               1,294    5,051     1,427

operations

Dividends                                   -        -         -

Other income                              434      345        58

Total revenues                          7,537   25,501     5,310

                                                                

Personnel expenses                    (1,650)  (5,805)   (1,303)

Data network expenses                   (203)    (881)     (115)

Administration expenses               (1,303)  (4,242)     (921)

Other operating expenses                (774)  (2,922)     (433)

Depreciation                          (1,120)  (4,004)     (826)

Total non-interest expenses           (5,050) (17,854)   (3,598)

Loan losses                           (1,024)  (2,685)     (793)

Recovered loans previously written-        25      465       283

off

Net operating profit before             1,488    5,427     1,202

taxation

Tax                                     (230)    (579)         -

Net profit                              1,258    4,848     1,202





Mart Tõevere

Head of investor relations

+372 6131 569