Last update: 22.07.2024 09:08 (GMT+3)
Hansapank FINANCIAL RESULTS 10/24/2003
GROUP'S FINANCIAL RESULTS, Q3 2003 2/2
COUNTRY-BASED BALANCE SHEET, 30.09.2003
(in millions of euros, Estonia Latvia Lithuan Other* Elim. Group
unaudited) ia
Assets
Cash 45.9 41.3 49.1 - - 136.3
Due from Central Bank 160.7 33.0 71.8 - - 265.5
Due from other 154.5 87.6 116.2 3.7 -21.5 340.5
financial institutions
Treasury securities 8.6 163.3 145.4 - - 317.3
Trading securities 11.1 9.6 63.9 - - 84.6
Investment securities 38.6 5.7 112.1 - - 156.4
Securities purchased 206.3 19.8 27.7 - - 253.8
under resale
agreements
Loans 2,081.7 876.9 914.2 161.2 -13.2 4,020.7
- Allowances for -33.5 -12.2 -12.1 -2.4 - -60.0
credit losses
Net loans 2,048.2 864.7 902.2 158.8 -13.2 3,960.6
Tangible assets 28.9 30.8 42.8 13.3 - 115.7
Intangible assets 3.8 2.9 13.8 - - 20.5
Prepayments and 102.6 24.4 37.6 26.1 -1.9 188.8
accrued interest
Other assets 46.7 12.8 13.8 11.3 -12.6 72.0
Total assets 2,855.9 1,295.9 1,596.3 213.3 -49.2 5,912.2
Liabilities
Due to Central Bank 12.0 - 2.1 - - 14.1
and government
Due to other financial 294.2 174.3 256.2 158.1 -387.2 495.5
institutions
Deposits 1,873.0 869.4 1,161.1 - -3.0 3,900.6
Demand deposits 1,366.9 592.1 746.4 - -3.0 2,702.5
Time deposits 506.1 277.3 414.7 - - 1,198.1
Securities sold under - 22.3 - - - 22.3
repurchase agreements
Debt securities 491.8 23.0 - - -23.0 491.8
Accrued liabilities 72.8 21.7 25.9 5.8 -5.3 121.0
Appropriations 41.3 4.7 1.0 0.3 - 47.3
Other liabilities 60.2 53.4 22.0 - -12.1 123.5
Minority ownership 0.8 0.1 0.8 6.4 - 8.1
Subordinated 40.8 10.5 - - -7.0 44.3
liabilities
Internal funding -337.0 -25.0 -44.3 17.8 388.4 -
adjustments
Shareholders' equity 305.9 141.6 171.4 24.9 - 643.8
Total liabilities and 2,855.9 1,295.9 1,596.3 213.3 -49.2 5,912.2
shareholders' equity
*Others include the Russian and Ukrainian leasing portfolios and non-
core activities
COUNTRY-BASED INCOME STATEMENT, Q3 2003
(in millions of euros, Estonia Latvia Lith. Other* Elim. Group
unaudited)
Interest income 44.6 16.8 16.8 3.8 -3.5 78.5
Interest expense -17.8 -5.5 -5.6 -1.4 3.5 -26.8
Interest income, net 26.8 11.3 11.2 2.4 - 51.7
Fee and commission income 16.0 7.5 7.5 2.8 -0.8 33.0
Fee and commission expense -3.8 -1.9 -1.9 -0.6 0.6 -7.6
Fees and commissions, net 12.2 5.6 5.6 2.2 -0.2 25.4
Net result from financial 3.5 3.6 1.5 0.2 - 8.8
operations
Net income from insurance 0.5 - - - - 0.5
activities
Other income 1.0 1.0 0.7 1.1 -0.5 3.3
Total income 44.1 21.5 19.0 5.9 -0.8 89.7
Operating expenses
Personnel expenses 9.2 4.1 5.5 1.1 -0.2 19.7
Data network expenses 2.0 0.5 1.0 0.0 -0.1 3.4
Administrative expenses 3.2 2.6 2.9 0.4 -0.7 8.4
Other expenses 2.1 1.5 2.9 0.4 - 6.9
incl. goodwill 0.2 0.3 1.2 - - 1.7
amortisation
Depreciation 1.9 1.6 1.7 0.3 - 5.5
Group overhead adjustment -2.2 0.8 1.2 0.2 0.1 -
Total operating expenses 16.1 11.1 15.1 2.4 -0.7 44.0
Operating profit before 27.9 10.4 4.0 3.5 - 45.8
provisions
Losses on loans and -5.6 -4.4 -0.7 -1.5 - -12.2
guarantees
Recovered loans 1.6 0.7 1.2 0.1 - 3.6
Profit before income tax 23.9 6.7 4.5 2.1 - 37.2
Income tax -0.2 -0.9 -0.1 -0.1 - -1.3
Profit after income tax 23.7 5.8 4.5 1.9 - 35.9
Minority interest - - - -0.2 - -0.2
Net profit 23.7 5.8 4.4 1.8 - 35.7
*Others include the Russian and Ukrainian leasing portfolios and non-
core activities
COUNTRY-BASED BALANCE SHEET - ESTONIA
(in millions of euros, 30.09 30.06 31.03 30.09 30.06 31.03
unaudited) 2003 2003 2002 2002 2002 2002
Assets
Cash 45.9 48.0 41.5 44.8 46.8 45.5
Due from Central Bank 160.7 115.5 184.3 142.2 64.4 128.7
Due from other financial 154.5 227.2 336.5 101.1 213.8 279.0
institutions
Treasury securities 8.6 8.7 9.2 68.8 68.4 64.3
Trading securities 11.1 11.7 14.1 16.6 9.8 6.8
Investment securities 38.6 34.5 30.4 26.5 35.5 45.7
Securities purchased 206.3 201.5 322.1 136.3 157.0 142.1
under resale agreements
Loans 2,081.7 1,964.3 1,872.7 1,704.1 1,600.0 1,511.1
- Allowances for credit -33.5 -30.8 -29.2 -25.8 -25.2 -24.7
losses
Net loans 2,048.2 1,933.5 1,843.5 1,678.3 1,574.8 1,486.4
Tangible assets 28.9 29.9 31.0 36.9 38.2 44.5
Intangible assets 3.8 4.4 3.5 4.1 4.6 8.3
Prepayments and accrued 102.6 100.8 83.6 87.8 98.8 87.8
interest
Other assets 46.7 43.6 44.2 38.5 78.3 28.1
Total assets 2,855.9 2,759.3 2,943.9 2,381.8 2,390.4 2,367.2
Liabilities
Due to Central Bank and 12.0 11.8 12.6 6.8 6.3 6.3
government
Due to other financial 294.2 264.4 181.1 167.3 118.7 193.3
institutions
Deposits 1,873.0 1,899.6 1,880.1 1,615.3 1,674.3 1,593.4
Demand deposits 1,366.9 1,326.5 1,264.8 1,133.8 1,171.1 1,067.9
Time deposits 506.1 573.1 615.3 481.5 503.2 525.5
Securities sold under - 0.4 - - - 0.1
repurchase agreements
Debt securities issued to 491.8 480.2 662.3 339.1 308.0 276.0
the public
Accrued liabilities 72.8 70.1 75.9 75.7 71.1 75.1
Appropriations 41.3 38.4 35.3 30.3 29.5 28.6
Other liabilities 60.2 61.3 57.6 59.5 87.3 68.6
Minority ownership 0.8 0.8 0.2 0.2 0.2 0.2
Subordinated liabilities 40.8 40.8 40.9 40.9 40.9 40.8
Internal funding -337.0 -397.2 -291.7 -223.3 -193.2 -154.9
adjustments
Shareholders' equity 305.9 288.7 289.6 270.0 247.3 239.7
Total liabilities and 2,855.9 2,759.3 2,943.9 2,381.8 2,390.4 2,367.2
shareholders' equity
COUNTRY-BASED INCOME STATEMENT - ESTONIA
(in millions of euros, Q3 2003 Q2 2003 Q1 2003 Q3 2002 Q2 2002 Q1 2002
unaudited)
Interest income 44.6 45.4 46.0 45.7 43.6 42.1
Interest expense -17.8 -15.9 -17.6 -16.3 -16.1 -16.0
Interest income, net 26.8 29.5 28.4 29.4 27.5 26.1
Fee and commission income 16.0 16.2 13.9 14.6 14.7 12.5
Fee and commission -3.8 -3.5 -3.3 -3.5 -3.9 -3.1
expense
Fees and commissions, net 12.2 12.7 10.6 11.1 10.8 9.4
Net result from financial 3.5 4.2 3.1 3.4 2.6 3.5
operations
Net income from insurance 0.5 0.4 0.6 0.6 0.5 0.4
activities
Other income 1.0 1.1 0.8 1.5 1.4 1.0
Total income 44.1 47.9 43.5 46.0 42.8 40.4
Operating expenses
Personnel expenses 9.2 9.6 9.1 11.4 10.3 9.6
Data network expenses 2.0 2.1 1.8 1.8 1.8 1.8
Administrative expenses 3.2 3.2 3.1 3.1 3.4 3.4
Other expenses 2.1 2.2 1.4 2.7 5.4 5.4
incl. goodwill 0.2 0.1 0.0 1.1 3.3 3.3
amortisation
Depreciation 1.9 1.9 2.2 2.8 2.7 2.8
Group overhead adjustment -2.2 -2.0 -2.0 -2.6 -1.9 -2.0
Total operating expenses 16.1 17.0 15.6 19.2 21.7 21.0
Operating profit before 27.9 30.9 27.9 26.8 21.1 19.5
provisions
Losses on loans and -5.6 -4.1 -3.8 -1.9 -2.4 -2.7
guarantees
Recovered loans 1.6 0.6 0.9 1.0 1.8 1.7
Profit from associates - 0.1 - - - -
under the equity method
Profit before income tax 23.9 27.5 25.0 25.9 20.5 18.5
Income tax -0.2 -10.2 -0.8 0.2 -3.2 -
Profit after income tax 23.7 17.3 24.2 26.1 17.3 18.5
Minority interest - - - - -0.1 -
Net profit 23.7 17.3 24.2 26.1 17.2 18.5
COUNTRY-BASED BALANCE SHEET - LATVIA
(in millions of euros, 30.09 30.06 31.03 30.09 30.06 31.03
unaudited) 2003 2003 2002 2002 2002 2002
Assets
Cash 41.3 44.9 41.9 41.9 40.2 38.9
Due from Central Bank 33.0 50.4 28.4 8.6 26.6 72.8
Due from other financial 87.6 56.6 80.6 113.0 98.4 140.7
institutions
Treasury securities 163.3 116.3 117.6 96.0 133.6 114.9
Trading securities 9.6 9.3 7.6 9.8 9.3 7.9
Investment securities 5.7 5.8 5.8 7.2 14.9 15.7
Securities purchased 19.8 20.2 23.1 19.0 15.8 11.5
under resale agreements
Loans 876.9 821.6 793.8 673.6 628.2 619.3
- Allowances for credit -12.2 -11.3 -11.0 -8.1 -7.6 -8.8
losses
Net loans 864.7 810.3 782.8 665.6 620.6 610.5
Tangible assets 30.8 27.9 27.4 25.4 25.8 28.6
Intangible assets 2.9 3.3 3.7 4.7 5.2 5.9
Prepayments and accrued 24.4 22.3 22.3 33.4 32.5 30.8
interest
Other assets 12.8 19.2 8.6 13.8 16.3 11.0
Total assets 1,295.9 1,186.5 1,149.8 1,038.5 1,039.2 1,089.2
Liabilities
Due to Central Bank and - - - - - -
government
Due to other financial 174.3 147.0 104.1 99.8 63.4 45.2
institutions
Deposits 869.4 802.9 806.5 733.0 791.7 868.2
Demand deposits 592.1 539.6 520.7 475.1 510.5 522.6
Time deposits 277.3 263.3 285.8 257.9 281.2 345.6
Securities sold under 22.3 - - 12.3 1.6 3.6
repurchase agreements
Debt securities issued to 23.0 23.2 24.0 - - -
the public
Accrued liabilities 21.7 20.8 20.5 22.5 18.2 19.5
Appropriations 4.7 4.4 4.4 4.8 4.5 4.5
Other liabilities 53.4 67.1 70.7 47.8 48.7 43.4
Minority ownership 0.1 0.1 0.1 0.1 0.1 0.1
Subordinated liabilities 10.5 10.5 10.7 11.8 11.7 12.5
Internal funding -25.0 -29.7 -31.3 -17.6 -16.1 -26.5
adjustments
Shareholders' equity 141.6 140.2 140.1 124.0 115.4 118.7
Total liabilities and 1,295.9 1,186.5 1,149.8 1,038.5 1,039.2 1,089.2
shareholders' equity
COUNTRY-BASED INCOME STATEMENT - LATVIA
(in millions of euros, Q3 2003 Q2 2003 Q1 2003 Q3 2002 Q2 2002 Q1 2002
unaudited)
Interest income 16.8 16.0 16.0 15.7 16.4 16.5
Interest expense -5.5 -5.4 -5.2 -4.9 -6.0 -6.6
Interest income, net 11.3 10.6 10.8 10.8 10.4 9.9
Fee and commission income 7.5 7.2 6.2 6.5 6.0 5.5
Fee and commission -1.9 -1.6 -1.5 -1.6 -1.4 -1.1
expense
Fees and commissions, net 5.6 5.6 4.7 4.9 4.6 4.3
Net result from financial 3.6 3.0 2.5 3.0 1.5 2.4
operations
Net income from insurance - - - - - -
activities
Other income 1.0 1.2 0.7 0.2 0.2 0.6
Total income 21.5 20.4 18.7 18.9 16.7 17.2
Operating expenses
Personnel expenses 4.1 4.3 4.2 3.6 3.7 4.3
Data network expenses 0.5 0.4 0.4 0.5 0.6 0.4
Administrative expenses 2.6 2.5 2.5 2.5 2.4 2.6
Other expenses 1.5 1.8 1.6 1.1 1.5 1.5
incl. goodwill 0.3 0.3 0.3 0.3 0.3 0.4
amortisation
Depreciation 1.6 1.8 1.8 1.8 1.8 1.9
Group overhead expenses 0.8 0.8 0.7 1.0 0.6 0.6
Total operating expenses 11.1 11.6 11.2 10.5 10.7 11.4
Operating profit before 10.4 8.8 7.5 8.4 6.1 5.8
provisions
Losses on loans and -4.4 -3.3 -3.2 -1.3 -2.3 -2.3
guarantees
Recovered loans 0.7 0.2 0.3 0.2 0.6 0.2
Profit before income tax 6.7 5.7 4.6 7.3 4.4 3.7
Income tax -0.9 -1.3 -0.2 -1.5 -0.9 -0.7
Profit after income tax 5.8 4.4 4.3 5.8 3.5 3.0
Minority interest - - - - - -
Net profit 5.8 4.4 4.3 5.8 3.5 3.0
COUNTRY-BASED BALANCE SHEET - LITHUANIA
(in millions of euros, 30.09 30.06 31.03 30.09 30.06 31.03
unaudited) 2003 2003 2002 2002 2002 2002
Assets
Cash 49.1 51.6 47.0 42.5 43.4 47.4
Due from Central Bank 71.8 103.7 100.3 47.9 58.4 84.2
Due from other financial 116.2 151.3 76.3 108.2 83.5 114.0
institutions
Treasury securities 145.4 188.7 176.4 256.1 199.8 165.1
Trading securities 63.9 65.2 76.4 47.3 36.3 13.5
Investment securities 112.1 118.9 174.1 199.9 261.9 279.1
Securities purchased 27.7 21.3 33.9 0.1 - 0.2
under resale agreements
Loans 914.2 815.6 748.5 624.5 562.3 545.0
- Allowances for credit -12.1 -11.6 -11.1 -10.5 -11.2 -14.7
losses
Net loans 902.2 804.0 737.4 614.0 551.1 530.3
Tangible assets 42.8 45.8 47.9 53.1 54.8 56.0
Intangible assets 13.8 15.2 16.4 18.8 20.1 21.3
Prepayments and accrued 37.6 31.5 29.0 36.4 28.2 31.6
interest
Other assets 13.8 5.7 5.6 10.8 7.1 7.1
Total assets 1,596.3 1,602.9 1,520.7 1,435.0 1,344.6 1,349.8
Liabilities
Due to Central Bank and 2.1 0.8 0.8 0.6 0.3 0.4
government
Due to other financial 256.2 308.1 253.5 224.6 206.7 172.4
institutions
Deposits 1,161.1 1,113.4 1,060.2 1,008.9 960.1 989.2
Demand deposits 746.4 708.5 643.8 579.1 528.0 520.1
Time deposits 414.7 404.9 416.4 429.8 432.1 469.1
Securities sold under - - - 4.1 - -
repurchase agreements
Debt securities issued to - - - - - -
the public
Accrued liabilities 25.9 24.5 22.5 23.2 23.8 19.7
Appropriations 1.0 0.8 0.7 0.7 0.7 0.8
Other liabilities 22.0 25.3 35.3 32.0 14.9 32.7
Minority ownership 0.8 0.9 0.8 0.8 0.7 0.7
Subordinated liabilities - - - - - -
Internal funding -44.3 -32.4 -14.5 -4.7 -3.0 -8.1
adjustments
Shareholders' equity 171.4 161.5 161.4 144.9 140.4 142.0
Total liabilities and 1,596.3 1,602.9 1,520.7 1,435.0 1,344.6 1,349.8
shareholders' equity
COUNTRY-BASED INCOME STATEMENT - LITHUANIA
(in millions of euros, Q3 2003 Q2 2003 Q1 2003 Q3 2002 Q2 2002 Q1 2002
unaudited)
Interest income 16.8 16.7 17.6 17.6 18.5 18.5
Interest expense -5.6 -5.9 -6.4 -6.7 -7.2 -7.6
Interest income, net 11.2 10.8 11.2 10.9 11.3 10.9
Fee and commission income 7.5 7.1 6.7 5.9 5.8 5.5
Fee and commission -1.9 -1.5 -1.4 -1.7 -2.0 -1.8
expense
Fees and commissions, net 5.6 5.6 5.3 4.2 3.8 3.7
Net result from financial 1.5 3.7 2.3 1.0 2.1 2.0
operations
Net income from insurance - - - - - -
activities
Other income 0.7 1.0 0.4 0.7 0.6 1.5
Total income 19.0 21.1 19.2 16.8 17.8 18.1
Operating expenses
Personnel expenses 5.5 6.0 6.3 6.0 7.8 9.5
Data network expenses 1.0 1.1 1.2 1.3 1.0 0.8
Administrative expenses 2.9 2.5 2.7 2.3 2.3 2.4
Other expenses 2.9 2.4 2.2 2.2 3.0 2.8
incl. goodwill 1.2 1.2 1.2 1.2 1.2 1.2
amortisation
Depreciation 1.7 1.9 1.8 1.9 1.9 1.6
Group overhead expenses 1.2 1.1 1.2 1.4 1.2 1.2
Total operating expenses 15.1 15.0 15.5 15.1 17.2 18.3
Operating profit before 4.0 6.1 3.7 1.7 0.6 -0.2
provisions
Losses on loans and -0.7 -2.2 -0.9 -0.3 1.1 -
guarantees
Recovered loans 1.2 1.0 2.0 1.9 2.8 2.7
Profit before income tax 4.5 4.9 4.8 3.4 4.5 2.5
Income tax -0.1 - -0.1 -0.1 -0.1 -0.2
Profit after income tax 4.5 4.9 4.7 3.3 4.4 2.3
Minority interest - -0.1 - - - -
Net profit 4.4 4.8 4.7 3.3 4.4 2.3
Mart Tõevere
Head of investor relations
+372 6131 569
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