AS HANSAPANK

ANNOUNCEMENT

19.07.99

 

HANSABANKA                      

INCOME STATEMENT                        

                        

(LVL in thousands)                             6 m 1999     1998        6 m 1998

                        

Net interest income                     

Interest income                                  4,805     6,734          3,196 

Interest expense                                (1,668)   (2,718)        (1,225)

Net interest income                              3,137     4,016          1,971

                        

Provisions released/ (written-off)                (855)   (2,812)          (286)

Recovered loans previously written-off             105        55             18

Net interest income after provision 

for credit losses                                2,387     1,259          1,704

                        

Non-interest income                     

Foreign exchange gains and losses                1,596       891            736 

Trading income                                     184    (1,134)          (372)

Fees and commissions                             2,652     2,828          1,134 

Other income                                        74        78              1 

Total non-interest income                        4,507     2,662          1,499

Total income after provision for credit losses   6,894     3,922          3,203

                        

Non-interest expenses                   

Service fees                                      (340)     (582)          (241)

Personnel expenses                              (2,091)   (2,206)        (1,029)

Data network expenses                             (354)     (308)           (73)

Administration expenses                         (1,690)   (2,134)          (863)

Other operating expenses                          (404)     (379)          (131)

Depreciation                                    (1,581)   (1,554)          (621)

Total non-interest expenses                     (6,460)   (7,163)        (2,957)

Net operating profit/ (loss) before taxation       434    (3,241)           246

Taxation         				     -              

Profit/ (loss) for the year credited/ 

(charged) to reserves                              434    (3,241)           246