EESTI ÜHISPANK

INCOME STATEMENT

01.01-30.06.99

 

Eesti Ühispank, Income Statement,

Consolidated

Unaudited (EEK million)

                                           6 months 12 months 6 months

                                               1999      1998     1998

 

Interest income                               683.3   1,377.1    524.2

Interest expenses                            -386.9    -727.5   -292.4

Net interest income                           296.4     649.6    231.8

 

Fees and commissions received                 141.8     271.2    114.3

Fees and commissions paid                     -49.4    -116.7    -48.2

Net income from fees and commissions           92.4     154.5     66.1

 

Income from securities

    and currency dealing profits               80.8    -168.5      3.7

Other operating income                         32.5      58.4      5.4

 

TOTAL OPERATING INCOME                        502.1     694.0    307.0

 

Personnel expenses                           -145.6    -232.2    -77.3

Other administrative expenses                -119.1    -218.1    -70.8

Value adjustments of tangible and

   intangible assets and depreciation        -128.2    -134.3    -29.2

Other operating expenses                      -34.2     -37.1     -8.1

 

TOTAL OPERATING EXPENSES                     -427.1    -621.7   -185.4

 

OPERATING PROFIT                               75.0      72.3    121.6

 

Income from affiliates and adjustments of

   long term investments                        8.0       8.2      0.0

 

Value adjustments of advances and

   off-balance sheet items                    -36.0    -474.5    -30.3

 

PROFIT BEFORE TAXES                            47.0    -394.0     91.3

 

Income tax                                     -1.2      -2.0     -8.4

Minorities profit                              -0.9      12.6     -0.5

 

NET PROFIT                                     44.9    -383.4     82.4