EESTI ÜHISPANK

INCOME STATEMENT

15.07.1999

 

Income Statement

Unaudited (EEK million)

        	                         6 Months  12 Months 6 Months

                                             1999       1998     1998

 

Interest income                             567.3    1,108.8    450.4

Interest expenses                          -335.2     -637.6   -272.2

Net interest income                         232.1      471.2    178.2

 

Fees and commissions received               114.1      229.9    108.2

Fees and commissions paid                   -40.5     -105.1    -48.1

Net income from fees and commissions         73.6      124.8     60.1

 

Income from securities

   and currency dealing profits              52.4     -132.5      6.1

Other operating income                       18.8       21.1      5.8

 

TOTAL OPERATING INCOME                      376.9      484.6    250.2

 

Personnel expenses                         -106.1     -182.1    -69.8

Other administrative expenses               -99.9     -172.8    -69.1

Value adjustments of tangible and

   intangible assets and depreciation       -93.8     -105.5    -28.3

Other operating expenses                    -23.4      -31.4     -5.7

 

TOTAL OPERATING EXPENSES                   -323.2     -491.8   -172.9

 

OPERATING PROFIT                             53.7       -7.2     77.3

 

Income from equity method                     4.0      -43.7     21.5

 

Value adjustments of advances and

   off-balance sheet items                   -9.6     -332.5    -17.2

 

PROFIT BEFORE TAXES                          48.1     -383.4     81.6

 

Income tax                                    0.0        0.0      0.0

 

NET PROFIT                                   48.1     -383.4     81.6