HANSAPANK

INCOME STATEMENT



LATVIAN HANSABANKA'S INCOME STATEMENT, 2001



HANSABANKA                                                 

INCOME STATEMENT                                           

                                     consolidated           

(LVL in thousands, audited)                 2001       2000

                                                           

Net interest income                                        

Interest income                           27,062     20,541

Interest expense                         (11,082)    (8,071)

Net interest income                       15,980     12,470

                                                           

Fees and commissions received              9,983      8,698

Fees and commissions paid                 (1,500)    (1,063)

Net Fees and commissions                   8,483      7,635

                                                           

Trading income                             7,374      5,051

Other income                                 758        345

Total revenues                            32,595     25,501

                                                           

Personnel expenses                        (7,106)    (5,805)

Data network expenses                     (1,090)      (881)

Administration expenses                   (5,906)    (4,242)

Other operating expenses                  (2,541)    (2,922)

Depreciation                              (4,788)    (4,004)

Total non-interest expenses              (21,431)   (17,854)

                                                           

Loan provisions                           (4,479)    (2,685)

Recovered loans                              384        465

                                                           

Net operating profit before taxation       7,069      5,427

Taxation                                    (897)      (579)

Net profit                                 6,172      4,848





Mart Tõevere

Head of investor relations

+372 6131 569