Hansapank                     BALANCE SHEET                     02/27/2002



HANSA CAPITAL GROUP BALANCE SHEET, 31.12.2001



Consolidated, unaudited

In millions of Euros



ASSETS                                31.12.01 Pro-forma  31.12.00

                                               31.12.01 *

Cash and bank                             13.8      15.1      11.8

Due from customers                        17.5      20.8      11.8

Financial investments                    848.5   1,029.0     700.6

  Leasing                                683.3     807.0     566.6

  Factoring                              100.8     133.9      89.1

  Loans                                   27.2      48.3      26.9

  Assignment                               4.8       6.5       6.8

  Small-scale financing                   32,4      33.3      11.2

Allowance for doubtful receivables       -18.8     -21.2     -21.9

Net financial investments                829.7   1,007.7     678.7

Prepayments to suppliers                  71.3      84.9      76.4

Stocks for resale                         15.3      16.2       9.9

Long-term equity investments               1.0       1.0       1.2

Tangible noncurrent assets                19.2      19.8       9.7

Intangible assets                          0.2       0.2       0.2

Accrued income and prepaid expenses       11.9      14.7      18.0

TOTAL ASSETS                             980.1   1,180.6     817.7

                                                                  

LIABILITIES AND OWNERS' EQUITY                                    

LIABILITIES                                                       

Loans                                    771.4     955.6     689.1

Bonds                                     89.0      89.0      17.6

Bills of exchange                          7.5       7.5      14.7

Liabilities to customers and              43.8      51.1      35.2

suppliers

Accrued expenses and prepaid revenue      11.4      12.9      11.3

Other liabilities                          1.2       0.7       0.4

Deferred tax liabilities                   0.7       0.1       0.1

Negative goodwill                          0.0       0.0       0.0

TOTAL LIABILITIES                        925.0   1,116.8     768.4

Minority interest                          0.1       7.9       0.1

OWNERS' EQUITY                             0.0       0.0       0.0

Share capital                              7.7       7.7       7.7

Reserves                                   1.4       1.4       1.1

Retained earnings                         46.0      47.0      42.2

Unrealised exchange rate difference       -0.1      -0.2      -1.8

TOTAL OWNERS' EQUITY                      55.0      55.9      49.2

TOTAL LIABILITIES AND OWNERS' EQUITY     980.1   1,180.6     817.7



* 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