OPTIVA PANK

CAPITAL ADEQUACY CALCULATION

01.12.98

 

                                                           Thousand EEK

 

Initial owners' equity                                          203,467

 Paid-in share capital                                          473,160

 General banking reserve                                         44,812

 Other reserves                                                   4,665

 Retained earnings		                                 76,620

 Profit/loss for the financial year                            -246,057

 Immaterial assets (less)               	               -149,733

Additional owners' equity                                       101,734

 Subordinated loans (up to 50% of initial owners' equity)       101,734

Total gross owners' equity                                      305,201

 

Discounts 

 Investments to the other financial institutions (more than 10%) 14,159

 

TOTAL NET OWNERS' EQUITY                                        291,042

 

Risk-weighted assets	                                      2,416,644

 I category (not weighted with 0%)                              266,916

 II category (not weighted with 20%)                            233,735

 III category (not weighted with 50%)                           613,311

 IV category (not weighted with 100%)                         2,063,241

Risk-weighted off-balance sheet liabilities                      87,835

 Group I                                                         85,147

 Group II                                                         2,688

Open net foreign currency position exceeding 2% owners' 

equity level 							 40,711

 

CAPITAL ADEQUACY	                                          11.43%