OPTIVA PANK

BALANCE SHEET

31.12.98

 

in thousand EEK

Unconsolidated, unaudited

 						 31-12-97	 31-12-98

						(Audited)	(Unaudited)

ASSETS		

Cash in hand					   47,418	   59,677

Demand deposits with banks			  537,234	  345,473

Interest-bearing deposits with banks 		   76,538	       31

Short-term investments in shares		  154,921	    2,594

Securities purchased under resale agreements	  122,213	   14,219

Loans to clients				1,191,363	2,290,087

Allowances for loan losses			  -24,836	 -202,087

Net loans					1,166,527	2,088,000

Long-term financial investments in debt 

securities					  183,203	  265,972

Long-term financial investments in shares	   72,346	  137,563

Tangible assets					   22,567	   13,880

Intangible assets				    5,009	  139,397

Other assets					  139,956	  149,294

		

TOTAL ASSETS					2,527,932	3,216,101

		

		

LIABILITIES		

Current accounts				1,188,315	  550,839

Time deposits					  327,564	  283,283

Loans from banks				  369,572	  688,774

Borrowings from government			    8,533	  115,492

Debts evidenced by certificates			   36,543	  816,509

Clearing accounts				  270,584	  137,273

Other liabilities				   63,328	   86,116

Subordinated debt				   74,500	  194,500

TOTAL LIABILITIES				2,338,939	2,872,786

		

OWNERS' EQUITY		

Share capital					    41182	  412,559

Share premium account				    18031 	   60,602

General banking reserve				    44812	   44,812

Other reserves					     4665	    4,665

Retained earnings 				    80303	 -179,323

TOTAL OWNERS' EQUITY				  188,993	  343,315

 

TOTAL LIABILITIES AND OWNERS' EQUITY		2,527,932	3,216,101