JSC  "Hansapank"  informs  that clients deposits in the JSC "Hansabank-

Latvia" doubled in the 1998 amounting to the LVL 108 million at the end

of  the  year.  The  loan  portfolio  stood at LVL 58 million and total

assets LVL 143 million.

According  to  preliminary  results JSC "Hansabank - Latvia" incurred a

loss of LVL

2,9 millions in the 1998, the largest part of which was formed by write

offs  of  Russian  government  securities,  loan  provisions and merger

related expenses.

Consequently  there  are  no  more  Russian state securities on the JSC

"Hansabank - Latvia" balance.

The  audited  year  results  of  the  JSC  Hansabank  -  Latvia will be

announced in the February, 1999.