OPTIVA PANK

ANNOUNCEMENT

 

ABOUT PUBLICATION OF FINANCIAL RESULTS OF OPTIVA PANK

 

The amendments to the Law on Credit Institutions, adopted by the 

Parliament in 1999, stipulate the quarterly financial reporting 

requirement for local credit institutions. The same requirement is 

provided in the Tallinn Stock Exchange Rules and Regulations.

 

However, since the local market is used to monthly publication of 

banks' balance sheets, Optiva Pank resolved to hold a 6-month 

conversion period during which it will publish on the 11th banking 

day of the month its unconsolidated total assets, loans and 

deposits and the capital adequacy ratio for the previous month.

 

As of Q3 2000 Optiva Pank will publish its financial results on 

quarterly basis only.

 

(EEK thousands)

		         31-Dec-99		 31-Jan-00		 

Total assets		 3,735,623		 3,974,640		 

Total loans		 1,753,184		 1,806,585		 

Deposits		 1,554,923		 1,467,338		 

Capital adequacy            10.51%		    10.15%		 

 

 

Piret Villman

Head of Budget and Planning Dept.

+372 63 02 442