HANSAPANK

ANNOUNCEMENT

16.03.99

 

 

HANSABANK - LATVIA 			

BALANCE SHEET 			

						  31.03.98	   31.12.98	   31.03.99

LVL			

Cash						 3,537,448	  9,754,182	  9,315,452

Due from Central Bank				 5,971,467	 19,517,671	  2,519,689

Due from credit institutions			10,768,585	 28,180,753	 60,112,596

Securities held for trading purposes		 9,697,310	 10,437,905	 15,165,577

Securities held for investment			 1,080,321	  2,080,238	  1,004,263

Loans and advances to customers (net)		43,259,488	 58,168,470	 57,593,677

    Short-term loans				21,519,777	 28,295,939	 31,232,294

    Long-term loans				22,533,844	 33,802,531	 30,174,532

    Provisions					 (794,133)	(3,930,000)	(3,813,149)

Fixed assets					 7,511,999	 14,158,585	 14,167,736

Accrued interest receivable and other assets	 3,122,860	  2,299,829	  2,695,750

Total assets					84,949,478	144,597,633	162,574,740

			

Due to Central Bank and government			-	  3,414,614	    296,475

Due to other credit institutions		21,124,197	 11,636,792	 16,490,266

Deposits from customers				52,742,879	110,907,393	127,157,807

    Demand deposits				39,118,253	 78,188,380	 96,986,465

    Time deposits				13,624,626	 32,719,013	 30,171,342

Accrued interest payable and other liabilities	 2,216,532	  4,787,628	  4,554,443

Provision for deferred taxation			   160,000	    160,000	    160,000

Subordinated debt				 2,380,000	  2,702,050	  2,787,240

Total liabilities				78,623,608	133,608,477	151,446,231

			

Common stock					 6,600,000	 14,543,114	 14,543,114

Capital reserves				   135,110	    135,110	    135,110

Accumulated losses				 (447,759)	  (447,759)	(3,689,072)

Profit for current year				    38,520	(3,241,309)	    139,357

Total liabilities and shareholders' equity 	84,949,478	144,597,633	162,574,740