HANSAPANK

INCOME STATEMENT



LATVIAN HANSABANKA'S INCOME STATEMENT, 9 MONTHS 2001



HANSABANKA                                                      

INCOME STATEMENT                                                

                                                                

(LVL in thousands)                    9m 2001     2000   9m 2000

                                                                

Interest income                        20,737   20,541    14,073

Interest expense                       (8,232)  (8,071)   (5,402)

Net interest income                    12,505   12,470     8,671

                                                                

Fees and commissions, received          6,876    8,698     6,078

Fees and commissions, paid             (1,073)  (1,063)     (801)

Fees and commissions, net               5,803    7,635     5,277

                                                                

Net result from financial               4,014    5,051     3,695

operations

Other income                              616      345       217

Total revenues                         22,938   25,501    17,860

                                                                

Personnel expenses                     (5,102)  (5,805)   (3,992)

Data network expenses                    (670)    (881)     (570)

Administration expenses                (4,077)  (4,242)   (2,961)

Other operating expenses               (1,953)  (2,922)   (2,153)

Depreciation                           (3,531)  (4,004)   (2,701)

Total non-interest expenses           (15,333) (17,854)  (12,377)

Loan losses                            (2,597)  (2,685)   (1,733)

Recovered loans previously written-       248      465       406

off

Net operating profit before             5,256    5,427     4,156

taxation

Tax                                      (628)    (579)     (356)

Net profit                              4,628    4,848     3,800





Mart Tõevere

Head of investor relations

+372 6131 569