HANSAPANK 

ANNOUNCEMENT

16.04.99

 

 

COMMENTARY TO THE BALANCE SHEET OF HANSABANK PUBLISHED BY THE 

CENTRAL BANK

 

 

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

the Central Bank of Estonia, we would like to say that as at March 

31, 1999, Hansabank's total assets stood at EEK 21.85 billion. 

Bank's loan portfolio totalled EEK 12.07 billion, while clients' 

deposits amounted to EEK 12.47 billion. As at March 31 Hansabank's 

total shareholders' equity was EEK 4.27 billion. Hansabank's 

financial result for March was an EEK 41.4 million profit. The 

distribution of revenues was the following: 29.4% net interest 

income after provisions, 37.3% from trading income, 31.6% service 

fees and commissions received, and 1.7% other income.

 

This commentary also includes the unconsolidated balance sheet of 

Hansabank as at March 31, 1999.

 

Unconsolidated data is insufficient for a full analysis of the share 

value of Hansabank. Hansabank publishes its financial results on a 

consolidated basis for each quarter.

 

Hansabank will publish the financial results for the 1st quarter of 

1999 on April 27.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569