AS HANSAPANK

ANNOUNCEMENT

15.06.99

 

COMMENTARY TO THE BALANCE SHEET OF HANSAPANK PUBLISHED BY THE CENTRAL

BANK

 

As a commentary to the balance sheet of Hansapank published today by

the Central Bank of Estonia, we would like to say that as of May 31,

1999, Hansapank's total assets stood at EEK 22.58 billion. Bank's loan

portfolio totalled EEK 12.16 billion, while clients' deposits amounted

to EEK 12.92 billion. As of May 31 Hansapank's total shareholders'

equity was EEK 4.34 billion. Hansapank's financial result for May was

an EEK 40.4 million profit. The distribution of revenues was the

following: 34.4% net interest income after provisions, 32.1% from

trading income, 31.8% service fees and commissions received, and 1.7%

other income.

 

Unconsolidated data is insufficient for a full analysis of the share

value of Hansapank. Hansapank publishes its financial results on a

consolidated basis for each quarter.

 

This commentary also includes the unconsolidated balance sheet of

Hansapank as of May 31, 1999.

 

 

HANSABANK Ltd.

 

 

Additional information:

 

Mart Toevere

Analyst

Tel. +372 6131 569