Last update: 29.11.2024 20:30 (GMT+2)
Hansapank FINANCIAL RESULTS 08/18/2004
FINANCIAL RESULTS, Q2 2004 2/2
COUNTRY-BASED BALANCE SHEETS - ESTONIA
(in millions of euros, 30.06.04 31.03.04 31.12.03 30.09.03 30.06.03
unaudited)
Assets
Cash 48.5 41.8 51.6 45.9 48.0
Due from Central Bank 190.8 199.7 179.6 160.7 115.5
Due from other financial 498.1 400.1 401.2 359.5 427.2
institutions
Treasury securities 8.3 8.2 7.9 8.6 8.7
Trading securities 15.4 16.4 10.3 11.1 11.7
Investment securities 52.8 48.3 43.6 38.6 34.5
Loans 2,439.5 2,273.5 2,201.6 2,062.7 1,933.3
- Allowances for credit -35.7 -34.4 -32.8 -33.3 -30.7
losses
Net loans 2,403.8 2,239.1 2,168.8 2,029.3 1,902.6
Tangible assets 26.1 32.6 32.9 34.3 35.6
Intangible assets 2.1 2.6 3.0 3.8 4.4
Prepayments and accrued 71.2 79.4 96.8 107.9 107.7
interest
Other assets 165.1 59.9 53.5 50.7 47.8
Total assets 3,482.2 3,128.1 3,049.2 2,850.5 2,743.8
Liabilities
Due to Central Bank and 3.9 4.3 16.3 12.0 11.8
government
Due to other financial 371.6 380.3 353.6 359.9 347.0
institutions
Deposits 2,046.5 1,919.5 1,895.4 1,872.9 1,899.5
Demand deposits 1,564.9 1,377.6 1,423.6 1,366.8 1,326.4
Time deposits 481.6 541.9 471.8 506.1 573.1
Debt securities 1,122.7 777.1 775.3 491.8 480.2
Accrued liabilities 67.5 58.5 79.8 75.2 72.4
Appropriations 55.4 49.1 44.7 41.3 38.4
Other liabilities 69.1 63.7 53.8 59.5 61.3
Minority ownership 0.7 0.6 0.6 0.8 0.8
Subordinated liabilities 15.3 40.8 40.8 40.8 40.8
Internal funding -501.7 -377.4 -443.3 -327.1 -419.5
adjustments
Shareholders' equity 231.2 211.4 232.2 223.2 211.0
Total liabilities and 3,482.2 3,128.1 3,049.2 2,850.5 2,743.8
shareholders' equity
COUNTRY-BASED INCOME STATEMENTS - ESTONIA
(in millions of euros, Q2 2004 Q1 2004 Q4 2003 Q3 2003 Q2 2003
unaudited)
Interest income 44.4 42.7 43.3 42.4 45.0
Interest expense -15.6 -15.0 -14.6 -15.3 -15.8
Interest income, net 28.8 27.7 28.7 27.1 29.2
Fee and commission income 20.4 16.5 17.8 17.3 17.3
Fee and commission -3.7 -2.9 -3.9 -3.8 -3.5
expense
Fees and commissions, net 16.7 13.6 13.9 13.5 13.8
Net result from financial 3.2 4.6 3.8 3.6 4.2
operations
Net income from insurance 0.7 0.3 0.3 0.4 0.4
activities
Other income 1.7 1.4 1.0 1.3 1.3
Total income 51.1 47.6 47.7 45.9 48.9
Operating expenses
Personnel expenses 7.9 7.4 8.4 6.9 7.1
Data network expenses 4.4 4.1 4.1 4.6 5.1
Administrative expenses 3.2 2.9 3.2 2.8 2.9
Other expenses 2.1 1.5 2.2 1.6 1.7
incl. goodwill 0.1 0.1 0.1 0.1 0.1
amortisation
Depreciation 0.5 0.6 1.1 0.6 0.6
Group overhead adjustment 1.5 1.7 0.5 1.1 0.6
Total operating expenses 19.6 18.2 19.5 17.6 18.0
Operating profit before 31.5 29.4 28.2 28.3 30.9
provisions
Losses on loans and -4.7 -4.5 -3.7 -5.8 -4.2
guarantees
Recovered loans 1.2 1.4 1.4 1.7 0.6
Income from associated 0.1 - - 0.1 0.1
companies
Profit before income tax 28.1 26.3 25.9 24.3 27.4
Income tax -5.1 - - - -9.9
Profit after income tax 23.0 26.3 25.9 24.3 17.5
Minority interest -0.1 -0.1 0.1 - -0.1
Net profit 22.9 26.2 26.0 24.3 17.4
COUNTRY-BASED BALANCE SHEETS - LATVIA
(in millions of euros, 30.06.04 31.03.04 31.12.03 30.09.03 30.06.03
unaudited)
Assets
Cash 44.4 38.2 45.5 41.3 44.9
Due from Central Bank 59.3 42.1 37.0 33.0 50.4
Due from other financial 59.3 71.3 113.6 87.6 56.7
institutions
Treasury securities 202.7 191.7 195.3 163.3 116.3
Trading securities 9.3 10.3 8.4 9.6 9.3
Investment securities 0.3 3.8 5.7 5.7 5.8
Loans 1,185.1 1,073.0 965.4 901.6 839.3
- Allowances for credit -16.3 -15.2 -12.2 -12.2 -11.3
losses
Net loans 1,168.8 1,057.8 953.2 889.4 827.9
Tangible assets 42.1 36.5 34.5 32.2 29.2
Intangible assets 1.9 2.2 2.5 2.9 3.3
Prepayments and accrued 21.1 31.5 30.8 24.7 22.3
interest
Other assets 16.2 19.1 18.8 12.8 19.2
Total assets 1,625.4 1,504.6 1,445.3 1,302.6 1,185.2
Liabilities
Due to Central Bank and - 14.2 31.0 22.3 -
government
Due to other financial 331.2 267.4 252.8 152.1 126.0
institutions
Deposits 1,023.8 949.2 881.4 869.2 802.7
Demand deposits 717.5 653.4 591.4 591.9 539.4
Time deposits 306.3 295.9 290.0 277.3 263.3
Debt securities 22.5 22.6 22.1 23.0 23.2
Accrued liabilities 24.6 21.6 23.8 21.8 20.8
Appropriations 3.0 2.9 3.2 4.8 4.5
Other liabilities 57.5 63.5 72.5 53.4 67.0
Minority ownership - - 0.1 0.1 0.1
Subordinated liabilities 10.4 10.4 10.2 10.5 10.5
Internal funding 43.6 46.6 40.3 40.1 35.3
adjustments
Shareholders' equity 108.8 106.0 107.9 105.5 95.2
Total liabilities and 1,625.4 1,504.6 1,445.3 1,302.6 1,185.2
shareholders' equity
COUNTRY-BASED INCOME STATEMENTS - LATVIA
(in millions of euros, Q2 2004 Q1 2004 Q4 2003 Q3 2003 Q2 2003
unaudited)
Interest income 21.2 18.7 17.8 16.8 16.0
Interest expense -6.4 -6.1 -5.9 -5.5 -5.4
Interest income, net 14.8 12.6 11.9 11.3 10.6
Fee and commission income 9.7 8.2 8.4 7.6 7.2
Fee and commission -2.0 -1.6 -2.0 -1.9 -1.6
expense
Fees and commissions, net 7.7 6.6 6.4 5.7 5.6
Net result from financial 3.7 3.5 3.3 3.6 3.0
operations
Net income from insurance - - - - -
activities
Other income 0.6 0.7 0.2 1.1 1.3
Total income 26.8 23.4 21.8 21.7 20.5
Operating expenses
Personnel expenses 4.9 4.0 4.4 3.8 4.3
Data network expenses 2.6 2.5 2.1 2.4 2.3
Administrative expenses 2.3 2.4 2.7 2.5 2.4
Other expenses 1.7 1.4 1.9 1.4 1.6
incl. goodwill 0.3 0.5 0.3 0.3 0.3
amortisation
Depreciation 0.5 0.5 0.5 0.5 0.6
Group overhead adjustment 0.6 0.4 0.7 0.5 0.4
Total operating expenses 12.6 11.2 12.3 11.1 11.6
Operating profit before 14.2 12.2 9.5 10.6 8.9
provisions
Losses on loans and -2.6 -3.1 -3.4 -4.4 -3.3
guarantees
Recovered loans 0.4 0.6 0.7 0.6 0.2
Income from associated - - - - -
companies
Profit before income tax 12.0 9.7 6.8 6.8 5.8
Income tax -1.6 -1.3 -0.7 -1.2 -1.6
Profit after income tax 10.4 8.4 6.1 5.6 4.2
Minority interest - - - - -
Net profit 10.4 8.4 6.1 5.6 4.2
COUNTRY-BASED BALANCE SHEETS - LITHUANIA
(in millions of euros, 30.06.04 31.03.04 31.12.03 30.09.03 30.06.03
unaudited)
Assets
Cash 53.3 51.9 62.8 49.1 51.6
Due from Central Bank 99.1 101.7 145.2 71.8 103.7
Due from other financial 156.8 175.2 100.4 126.7 151.5
institutions
Treasury securities 181.4 175.5 158.7 145.4 188.7
Trading securities 62.6 71.7 74.3 63.9 65.2
Investment securities 126.4 125.6 101.9 112.1 118.9
Loans 1,275.9 1,159.2 1,074.8 942.2 846.7
- Allowances for credit -14.7 -13.3 -13.2 -12.1 -11.7
losses
Net loans 1,261.2 1,145.9 1,061.6 930.0 835.0
Tangible assets 41.4 43.7 44.8 44.0 46.9
Intangible assets 23.6 25.2 12.5 13.8 15.1
Prepayments and accrued 29.3 24.1 31.0 37.5 31.4
interest
Other assets 5.8 6.9 13.3 13.7 5.8
Total assets 2,040.9 1,947.4 1,806.5 1,607.9 1,613.7
Liabilities
Due to Central Bank and 3.0 2.9 2.7 2.1 0.8
government
Due to other financial 329.8 291.0 21.4 43.0 266.3
institutions
Deposits 1,426.7 1,359.1 1,301.7 1,160.8 1,113.2
Demand deposits 957.6 899.5 877.5 746.1 708.4
Time deposits 469.1 459.6 424.2 414.7 404.8
Debt securities - - - - -
Accrued liabilities 29.9 26.7 30.0 24.2 22.5
Appropriations 54.4 49.8 0.9 1.1 0.8
Other liabilities 21.2 23.9 21.2 22.0 25.3
Minority ownership 0.8 0.9 0.9 0.8 0.9
Subordinated liabilities - - - - -
Internal funding 36.9 58.8 300.0 232.8 69.3
adjustments
Shareholders' equity 138.2 134.3 127.7 121.1 114.7
Total liabilities and 2,040.9 1,947.4 1,806.5 1,607.9 1,613.7
shareholders' equity
COUNTRY-BASED INCOME STATEMENTS - LITHUANIA
(in millions of euros, Q2 2004 Q1 2004 Q4 2003 Q3 2003 Q2 2003
unaudited)
Interest income 19.6 18.7 17.0 16.8 16.8
Interest expense -6.7 -6.5 -6.5 -5.7 -6.0
Interest income, net 12.9 12.2 10.5 11.1 10.8
Fee and commission income 9.5 8.4 8.1 7.6 7.4
Fee and commission -2.7 -2.1 -1.8 -1.9 -1.5
expense
Fees and commissions, net 6.8 6.3 6.3 5.7 5.9
Net result from financial 1.4 2.3 1.6 1.5 3.8
operations
Net income from insurance 1.0 0.6 - - -
activities
Other income 1.0 0.9 0.7 0.8 1.2
Total income 23.1 22.3 19.1 19.1 21.7
Operating expenses
Personnel expenses 6.5 6.3 8.0 5.2 5.6
Data network expenses 2.8 3.1 2.8 2.9 3.0
Administrative expenses 2.7 2.7 2.8 2.5 2.6
Other expenses 3.0 2.8 3.0 2.7 2.3
incl. goodwill 1.6 1.5 1.2 1.2 1.2
amortisation
Depreciation 0.7 0.7 1.0 0.7 0.8
Group overhead adjustment 0.7 0.4 0.6 0.4 0.4
Total operating expenses 16.4 16.0 18.2 14.4 14.7
Operating profit before 6.7 6.3 0.9 4.7 7.0
provisions
Losses on loans and -1.7 -0.6 -2.0 -0.8 -2.3
guarantees
Recovered loans 1.6 1.0 1.2 1.3 1.0
Income from associated - - - - 0.1
companies
Profit before income tax 6.6 6.7 0.1 5.2 5.8
Income tax -0.4 -0.3 -0.3 -0.1 -0.1
Profit after income tax 6.2 6.4 -0.2 5.1 5.7
Minority interest - - - - -0.1
Net profit 6.2 6.4 -0.2 5.1 5.6
Mart Toevere
Head of Communications and IR
+372 6131 569
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