OPTIVA PANK

INCOME STATEMENT

01.01.99 - 30.09.1999

 

 

Unconsolidated, unaudited

In thousand EEK                                             01.01.-30.09.99     01.01.-30.09.98

 

Interest income                                                     185,582             163,138

Interest expense                                                    110,809              62,833

Net interest income                                                  74,773             100,305

Provisions for loan losses                                           16,659              17,801

Recovered loans                                                       1,025                 117

Net interest income after provisions                                 59,139              82,621

 

Other operating income

Fees and commissions income                                          39,360              41,704

Income from foreign exchange operations                              25,433              24,381

Income from financial operations                                      3,233             -53,308

Income from financial investments                                    18,808             -37,322

Other income                                                          1,973               1,016

Total other operating income                                         88,806             -23,529

Total income                                                        147,944              59,092

 

Other operating expenses

Fees and commissions expense                                         10,322               9,515

Personnel expenses                                                   46,379              40,346

Other administrative expenses                                        48,652              56,339

Other operating expenses                                              4,516               4,898

Assets revaluation                                                       24              39,264

Total operating expenses                                            109,893             150,361

Operating profit                                                     38,052             -91,270

Depreciation                                                         27,751               9,792

Profit before taxes                                                  10,300            -101,061

Income tax                                                                0                   0

Net Profit/Loss                                                      10,300            -101,061

 

 

 

Piret Villman

Head of Budget and Planning Dept

+372 63 02 103