HANSAPANK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9 MONTHS 2001



(in millions, unaudited)



                                   EEK                     EUR        

                        9m 2001   2000 9m 2000 9m 2001    2000 9m 2000

                                                                      

Interest income          3392.7 3389.7  2394.1   216.8   216.6   153.0

Interest expense        -1466.8-1414.6  -991.4   -93.7   -90.4   -63.4

Interest income, net     1925.9 1975.1  1402.7   123.1   126.2    89.6

                                                                      

Fee and commission        986.1 1087.1   771.5    63.0    69.5    49.3

income

Fee and commission       -206.6 -208.5  -161.3   -13.2   -13.3   -10.3

expense

Fees and commissions,     779.5  878.6   610.2    49.8    56.2    39.0

net

                                                                      

Net result from           375.3  563.4   404.7    24.0    36.0    25.9

financial operations

Dividends                  12.2    3.1     3.1     0.8     0.2     0.2

Net income from            45.6   23.8    16.2     2.9     1.5     1.0

insurance activities

Other income              112.7  103.3    89.4     7.2     6.6     5.7

Total income             3251.2 3547.3  2526.3   207.8   226.7   161.4

                                                                      

Operating expenses                                                    

Personnel expenses        801.6  713.8   483.8    51.2    45.6    30.9

Data network expenses     100.4  116.4    77.3     6.4     7.4     4.9

Administrative expenses   328.0  406.8   300.4    21.0    26.0    19.2

Other expenses            378.3  393.9   280.2    24.2    25.2    17.9

  incl. goodwill          187.1  206.8   153.4    12.0    13.2     9.8

amortisation

Depreciation              254.9  271.2   198.6    16.3    17.3    12.7

Total operating          1863.2 1902.1  1340.3   119.1   121.5    85.6

expenses

Losses on loans and      -200.8 -494.0  -352.7   -12.8   -31.6   -22.5

guarantees

Recovered loans           195.6  129.2    99.5    12.5     8.3     6.4

Profit from associates      3.2    6.8     4.6     0.2     0.4     0.3

under the equity method

Operating profit         1386.0 1287.2   937.4    88.6    82.3    60.0

Extraordinary                 -   22.4    22.3       -     1.4     1.4

income/(expense)

Profit before income     1386.0 1309.6   959.7    88.6    83.7    61.4

tax

Income tax                -43.6 -105.0  -107.2    -2.8    -6.7    -6.9

Profit after income tax  1342.4 1204.6   852.5    85.8    77.0    54.5

Minority interest          -0.5   -4.2    -3.4    -0.0    -0.3    -0.2

Net profit               1341.9 1200.4   849.1    85.8    76.7    54.3





Mart Tõevere

Head of investor relations

+372 6131 569