AS OPTIVA PANK

BALANCE SHEET

9/30/99

 

(EEK in thousand, unaudited, unconsolidated)

 

                                                                9/30/99       8/31/99      12/31/98

ASSETS                                                                                      audited

Cash in hand                                                     55,853        69,912        59,677

Demand deposits with banks                                      379,196       445,611       345,473

Interest-bearing deposits with banks                                 81            47            31

Short-term investments in shares                                  7,389         6,166         2,594

Securities purchased under resale agreements                      6,700        14,063        14,219

Loans to clients                                              2,044,267     2,005,295     2,288,770

Allowances for loan losses                                     -188,745      -187,515      -228,445

Net loans                                                     1,855,522     1,817,780     2,060,325

Long-term financial investments in debt securities              666,545       669,426       265,935

Long-term financial investments in shares                        97,067       101,201       137,747

Tangible assets                                                  13,573        14,105        13,880

Intangible assets                                               119,063       121,396       139,397

Other assets                                                     94,502        99,456       134,508

TOTAL ASSETS                                                  3,295,491     3,359,163     3,173,787

 

LIABILITIES

Current accounts                                                686,642       707,638       550,839

Time deposits                                                   400,979       422,147       326,164

Loans from banks                                                630,032       643,318       688,774

Borrowings from government                                      105,842       105,969       115,492

Debts evidenced by certificates                                 724,779       727,046       816,509

Clearing accounts                                               158,376       156,756        94,909

Other liabilities                                                46,073        54,118        48,632

Subordinated debt                                               194,500       194,500       194,500

TOTAL LIABILITIES                                             2,947,223     3,011,492     2,835,820

OWNERS' EQUITY

Share capital                                                   412,559       412,559       412,559

Share premium account                                            60,602        60,602        60,602

General banking reserve                                          44,812        44,812        44,812

Other reserves                                                    4,665         4,665         4,665

Retained earnings from priors years                            -184,670      -184,670        80,303

Profit/Loss  for the financial year                              10,300         9,703      -264,974

TOTAL OWNERS' EQUITY                                            348,268       347,671       337,967

TOTAL LIABILITIES AND OWNERS' EQUITY                          3,295,491     3,359,163     3,173,787

 

 

 

Piret Villman

Head of Budget and Planning Dept

+372 63 02 103