OPTIVA PANK

COMMENTARY TO FINANCIAL RESULTS



UNCONSOLIDATED FINANCIAL RESULTS, MARCH 2000



Main balance sheet items of Optiva Pank at end-February:

 

(EEK millions)

                   31.01.00        29.02.00      31.03.00

Total assets	      3,974           3,369         3,505

Total loans           2,021           1,880         1,853

Deposits	      1,467           1,415         1,534



Optiva Pank's balance sheet volume increased in March by EEK 136 

million or 4%, mainly due to 8.5% (EEK 120 million) increase in 

deposits. Volume of demand deposits increased monthly by EEK 56 

million or 6.2%, and term deposits by EEK 64 million or 12.7%. 

Growth of deposits took place mainly on the account of corporate 

clients' deposits.



In Q1 the bank got 2,423 new clients, including 1,132 in March. 

81% of new clients were private persons and 19% corporate clients. 

The bank has a total of 32,500 clients.



In Q1 the bank concluded a total of 1,101 new Internet bank Optiva 

Direct agreements, including 522 in March, marking a new record in 

the bank's history. 

 



Piret Villman

Head of Budget and Planning Dept.

+372 6 302 442





Ruth Laidvee

Market Communications Director

+372 6 302 105