HANSAPANK

BALANCE SHEET



CONSOLIDATED UNAUDITED BALANCE SHEET, 31.12.01



Consolidated Balance Sheets               EEK              EUR

(in millions, unaudited)           31.12.01 31.12.00 31.12.01 31.12.00

                                                                     

Assets                                                               

Cash                                2,404.3  1,374.4    153.7     87.8

Due from Central Bank               4,393.6  3,961.2    280.8    253.2

Due     from    other    financial  7,466.9  1,836.4    477.2    117.4

institutions

Treasury securities                 4,247.5  4,444.2    271.5    284.0

Trading securities                    437.9    335.6     28.0     21.4

Investment securities               5,128.2  1,181.6    327.8     75.5

Securities purchased under  resale  2,508.4  1,158.7    160.3     74.1

agreements

Loans                              40,243.9 27,561.5  2,572.0  1,761.5

  - Allowances for credit losses     -859.7   -674.6    -54.9    -43.1

Net loans                          39,384.2 26,886.9  2,517.1  1,718.4

Tangible assets                     2,178.3  1,275.6    139.2     81.5

Intangible assets                     621.8    420.7     39.7     26.9

Prepayments and accrued interest    2,562.8  2,228.4    163.8    142.4

Other assets                          684.5    491.8     43.7     31.4

Total assets                       72,018.4 45,595.5  4,602.8  2,914.0

                                                                     

Liabilities                                                          

Due to Central Bank and government    109.3    140.8      7.0      9.0

Due     to     other     financial  4,198.0  3,923.0    268.3    250.7

institutions

Deposits                           51,063.4 29,226.6  3,263.6  1,867.9

   Demand deposits                 32,480.2 18,574.8  2,075.9  1,187.1

   Time deposits                   18,583.2 10,651.8  1,187.7    680.8

Securities  sold under  repurchase      0.1       -        -        -

agreements

Debt  securities  issued  to   the  3,815.3  2,993.8    243.8    191.3

public

Accrued liabilities                 1,865.1  1,346.0    119.2     86.0

Appropriations                        474.3    397.2     30.3     25.4

Deferred tax liability                 14.2      7.3      0.9      0.5

Other liabilities                   2,221.9  1,411.9    142.0     90.3

Total liabilities                  63,761.6 39,446.6  4,075.1  2,521.1

Minority ownership                     15.2     24.2      1.0      1.5

                                                                     

Subordinated liabilities              721.9    366.9     46.1     23.4

Shareholders' equity                                                 

Common stock                          788.6    787.6     50.4     50.3

Share premium                       2,762.1  2,757.7    176.5    176.2

Treasury stock                        -37.5   -128.5     -2.4     -8.2

Reserves                              450.9    440.5     28.8     28.2

Other restricted equity               100.5    100.5      6.4      6.4

Currency translation reserve           88.2     36.7      5.7      2.3

Retained earnings                   3,366.9  1,763.3    215.2    112.8

Total shareholders' equity          7,519.7  5,757.8    480.6    368.0

Total liabilities and              72,018.4 45,595.5  4,602.8  2,914.0

shareholders' equity





Mart Tõevere

Head of investor relations

+372 6131 569