OPTIVA PANK

INCOME STATEMENT

01.01.99-30.06.99

 

Consolidated, unaudited

In thousand EEK

 

                                                      01.01-30.06.98           01.01-30.06.99

Interest income                                              118,806                  121,713

Interest expense                                             -45,617                  -77,106

Net interest income                                           73,189                   44,608

Provisions for loan losses                                   -11,628                  -27,246

Recovered loans                                                   39                    1,021

Net interest income after provisions                          61,600                   18,383

 

Other operating income

Fees and commissions income                                   36,012                   23,416

Income from financial investments                              1,246                    9,032

Income from financial operations                             -41,164                   46,483

Other income                                                  12,358                   10,942

Total other operating income                                   8,452                   89,872

 

Total income                                                  70,051                  108,255

 

Other operating expenses

Fees and commissions expense                                  -5,801                   -5,324

Personnel expenses                                           -30,183                  -35,553

Other administrative expenses                                -31,140                  -19,167

Other operating expenses                                     -10,892                  -13,344

Assets revaluation                                           -12,558                      -24

Total operating expenses                                     -90,573                  -73,412

 

Operating profit                                             -20,522                   34,843

Depreciation                                                 -13,593                  -26,569

Profit before taxes                                          -34,115                    8,274

Income tax                                                    -2,219                     -774

Net Profit/Loss                                              -36,334                    7,500

Minority interest                                                  4                      112

Net profit/loss for the group                                -36,331                    7,612