AS HANSAPANK

ANNOUNCEMENT

15.12.98

 

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 November 30, 1998, Hansabank's 

total assets stood at EEK 20.87 billion. Bank's loan portfolio totalled EEK 12.27 

billion, while clients' deposits amounted to EEK 12.19 billion. As at November 30 

Hansabank's total shareholders' equity was EEK 3.94 billion. Hansabank's financial 

result for November was an EEK 6.9 million loss. The distribution of revenues was 

the following: 10.8% net interest income after provisions, 47.1% from trading 

income, 38.8% service fees and commissions received, and 3.3% other income.

 

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.

 

This commentary also includes the unconsolidated balance sheet of Hansabank as 

at November 30, 1998.

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Analyst

Tel. +372 6131 569