Hansapank                     INCOME STATEMENT                  02/27/2002



HANSA CAPITAL GROUP'S INCOME STATEMENT 2001



Consolidated, unaudited

In millions of Euros



                                     2001 Pro-forma      2000

                                              2001 *

Interest income                     97.66     99.02     69.89

Interest expenses                   54.14     54.68     38.85

Net interest income                 43.52     44.35     31.04

Commission income                   15.47     15.67     11.54

Commission expenses                  1.62      1.66      1.26

Net other operating income           5.99      6.08      4.26

TOTAL REVENUE                       63.35     64.45     45.58

General and administrative          16.38     16.56     14.20

expenses

Profit before provisions and        46.98     47.89     31.38

financial income

Net credit losses                   -0.41      2.17      7.59

Net financial income                 0.06      0.13      0.33

Operating profit                    47.45     45.85     24.11

Income from equity investments       0.04      0.04      0.01

Extraordinary income (expense)       0.00      0.00      1.43

PROFIT BEFORE INCOME TAX AND        47.49     45.89     25.55

MINORITY INTEREST

Income tax                           1.20      1.58      0.22

Minority interest                   -0.01     -1.99      0.03

NET PROFIT                          46.30     46.30     25.29



* Pro-forma figures for 2001 also include the assets, liabilities 

and economic results of SIA Hanza Lizings, which is not legally a 

part of Hansa Capital Group (from November 2001), but is

organisationally still managed by Hansa Capital. Figures provided 

for 2000 are comparable to the respective figures for 2001.





Mart Tõevere

Head of investor relations

+372 6131 569