AS HANSAPANK

INCOME STATEMENT

01.01-31.12.98

 

Year ended December 31                

(EEK in millions)    

                              GROUP             BANK    

                               1998    1997     1998      1997

                

Net interest income                

Interest income            1,794.5    903.6    1,108.2    591.7

Interest expense             770.8    312.2      542.5    225.2

Net interest income        1,023.7    591.4      565.7    366.5

Provision for losses on 

loans and guarantees         594.3     67.1      324.0     45.2

Recovered loans               49.0      3.9       16.6      3.1

Net interest income after 

provisions                   478.4    528.2      258.3    324.4

                

Non-interest income                

Trading income               127.8    294.2       69.4    241.4

   incl. Provisions          (32.3)     0.0      (30.7)     0.0

Dividends                      7.0      0.7      101.8     51.1

Fees and commissions         511.4    364.4      381.4    268.1

Income from insurance         59.4      5.5          -        -

Other income                  69.1     36.6       14.9      3.9

Total non-interest income    774.7    701.4      567.5    564.5

Income from  associated 

companies                    (10.7)     6.8                 0.0

Total revenue              1,242.4  1,236.4      825.8    888.9

                

Non-interest expenses                

Service fees paid            156.9     95.6      126.0     78.8

Personnel expenses           422.3    235.4      245.5    151.3

Data network expenses         42.0     28.6       41.2     27.7

Administrative expenses      342.2    146.7      194.2     87.6

Other expenses               195.3     79.3      129.6     44.6

Total non-interest expenses1,158.7    585.6      736.5    390.0

Net operating income          83.7    650.8       89.3    498.9

Depreciation                 143.0     81.2       73.0     47.7

Net income before 

appropriations and income 

taxes                        (59.3)   569.6       16.3    451.2

Income tax                     6.5   (123.5)      14.8    (85.4)

Income/loss attributable to

 minority holdings            (7.7)            

Net income                   (60.5)   446.1       31.1    365.8

                

Basic earnings per share (EEK) -1.3    11.7        0.6      9.6

Diluted earnings per share (EEK)-1.2   11.5        0.6      9.5