EESTI ÜHISPANK

BALANCE SHEET



BALANCE SHEETS, 31.03.2000



EESTI ÜHISPANK, CONSOLIDATED BALANCE SHEET

(Millions of EEK)                         31.03.00  31.12.99  31.03.99



Assets

Cash on hand                                 324.2     363.0     482.0

Balances with the central bank             1,403.4   1,025.6   1,097.7

Loans and advances to banks                  434.0     707.1   2,191.8

Dealing and

liquidity securities                         254.7     289.8     179.1

      Equity                                   9.0       7.9      14.6

      debt (dealing)                          18.3      23.0      21.4

      debt (liquidity)                       227.5     259.0     143.1

Total liquid assets                        2,416.3   2,385.6   3,950.6

Loans and advances to customers            9,611.1   9,382.2  10,168.4

 Less: allowance for uncollectible loans    -218.7    -251.4    -433.7

Loans net                                  9,392.4   9,130.8   9,734.7

Investment securities                      1,247.7   1,286.0   1,215.1

      debt                                   378.6     411.9     771.3

      purchaced securities with

         resell commitment                     0.0       0.0       0.0

      equity                                 869.0     874.1     443.8

Investments in associates                      6.0       5.8      42.5

Investments in subsidiaries                      -         -         -

Goodwill                                     519.7     535.3     537.4

Tangible fixed assets                      1,180.2   1,231.8   1,414.8

Other assets                                 473.5     394.4     638.1

Total Assets                              15,235.7  14,969.7  17,533.2



Liabilities

Amounts owed to credit institutions        1,425.7   1,666.2   1,953.1

Amounts owed to customers                  8,638.0   8,054.3   8,974.7

        demand                             4,207.9   4,280.0   4,053.3

        time and other deposits            4,430.1   3,774.3   4,921.4

Issued bonds                               2,077.5   2,199.6   3,302.6

Subordinated debt                            484.6     500.5     515.5

Total Interest Bearing Liabilities        12,625.8  12,420.6  14,745.9

Other liabilities (incl.tax liabilities)     540.6     519.6     838.0

Total Liabilities                         13,166.4  12,940.2  15,583.9



Minority interest (equity)                    -2.0      -2.8      30.7



Equity

Subscribed share capital                     665.6     665.6     661.5

Share premium                              1,346.6   1,346.6   1,340.7

Reserves                                     298.5     298.5     298.5

Translation differences                       -3.2      -4.0     -13.4

Retained earnings                           -236.2    -274.4    -368.7

Total Equity                               2,071.3   2,032.3   1,918.6







EESTI ÜHISPANK, BALANCE SHEET, BANK

(Millions of EEK)                         31.03.00  31.12.99  31.03.99



Assets

Cash on hand                                 324.2     363.0     342.3

Balances with the central bank             1,403.4   1,025.6   1,028.0

Loans and advances to banks                  422.3     681.6   1,809.8

Dealing and

liquidity securities                         250.8     268.4     179.1

      Equity                                   6.0       7.9      14.6

      debt (dealing)                          18.3      23.0      21.4

      debt (liquidity)                       226.5     237.6     143.1

Total liquid assets                        2,400.6   2,338.7   3,359.2

Loans and advances to customers            8,782.3   8,606.4   7,687.8

 Less: allowance for uncollectible loans    -153.6    -174.5    -303.5

Loans net                                  8,628.7   8,431.9   7,384.3

Investment securities                      1,292.0   1,256.0   1,978.2

      debt                                   685.0     646.4   1,463.5

      purchaced securities with

         resell commitment                     0.0       0.0       0.0

      equity                                 606.9     609.6     514.7

Investments in associates                      4.7       4.6      38.1

Investments in subsidiaries                  424.4     427.3     434.4

Goodwill                                     519.3     534.9     537.4

Tangible fixed assets                        612.8     641.7     661.6

Other assets                                 405.9     322.8     401.2

Total Assets                              14,288.5  13,958.0  14,794.4



Liabilities

Amounts owed to credit institutions          899.1   1,062.2   1,038.0

Amounts owed to customers                  8,651.3   8,121.7   8,205.2

        demand                             4,273.4   4,342.0   3,511.7

        time and other deposits            4,377.9   3,779.8   4,693.5

Issued bonds                               1,762.7   1,820.3   2,633.4

Subordinated debt                            484.6     500.5     515.5

Total Interest Bearing Liabilities        11,797.7  11,504.8  12,392.1

Other liabilities (incl.tax liabilities)     431.0     425.7     465.4

Total Liabilities                         12,228.7  11,930.4  12,857.5



Equity

Subscribed share capital                     665.6     665.6     661.5

Share premium                              1,346.6   1,346.6   1,340.7

Reserves                                     298.5     298.5     298.5

Retained earnings                           -250.9    -283.2    -363.8

Total Equity                               2,059.8   2,027.6   1,936.9

Total Liabilities and Equity              14,288.5  13,958.0  14,794.4





Urmas Neetar

head of reporting dept

+372 6 656 390